Ask Bob Buying a Home How much should I save for a down payment?
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How much should I save for a down payment?

Down payment requirements vary by loan type. Conventional loans typically ask for 5 to 20 percent down. FHA loans allow as little as 3.5 percent. VA and USDA loans may require zero down. Talk to a mortgage professional about what fits your situation.

Why It Matters

Knowing your down payment range early helps you set a realistic savings target and home price budget.

Related Questions

What should I look for during an open house? What are closing costs and how much are they? What loan options are available for first-time buyers? What questions should I ask my real estate agent when buying? How do I know if a home is priced fairly?

Read the Full Guide

For a deeper dive, check out the HomeCircle Handbook entry on this topic.

Your First 30 Days as a Homeowner

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