Every loan program is different when it comes to down payments. Some don’t require a down payment, such as VA and USDA loans. FHA loans require 3.5% down, and conventional loans require at least 3% down for first-time homebuyers and 5% down for subsequent homebuyers.
If you have the money, you can always make a larger down payment than the minimum. Ask us how it’ll affect your payment to see if it’s worth it to invest more money into your home.