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Answer a few questions, and we'll have a Home loan expert call you. loan. We break down the process so it's less overwhelming and easier to understand.
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The minimum down payment on an FHA loan is 3.5% of the home’s total sale price. Other loans are available for no down payment. conventional fixed-rate mortgages typically require a 20% down payment. Some mortgage companies, require private mortgage insurance (PMI) for conventional loans on a home when you have less than 20% equity.