How Much Down Payment For A Conventional Home Loan The short answer is that the minimum FICO® Score required for a conventional mortgage is 620. However, this is the bare minimum. Depending on the borrower’s down payment, reserves, and other debts,Since 2012, LIFT programs have assisted nearly 22,000 homeowners, in nearly 900 municipalities, who have purchased more than.
FHA down payment requirements at a glance: Borrowers who use an FHA-insured mortgage loan to buy a house in 2019 must put down at least 3.5% of the purchase price or the appraised value of the home (whichever amount is less). That is the minimum requirement in 2019, according to HUD Handbook 4000.1.