Buying A House With Low Down Payment < PREMIUM – 2026 >

Multiple government-backed and conventional programs cater to buyers with limited upfront cash:

: FHA loans require both an upfront and an annual Mortgage Insurance Premium (MIP). Unlike conventional PMI, the annual MIP often lasts for the entire life of the loan unless you put down 10% or more. Pros and Cons of a Lower Down Payment Pros and Cons of a Low Down Payment

Buying a home with a low down payment is a viable path to homeownership that moves many buyers away from the traditional 20% requirement. In 2025, the median down payment for first-time buyers was approximately , with many options available as low as 0% to 3.5% . Popular Low and No Down Payment Loan Options buying a house with low down payment

: Insured by the Federal Housing Administration (FHA) , these require as little as 3.5% down for those with a credit score of 580 or higher.

: Backed by Fannie Mae and Freddie Mac , these programs allow for just 3% down for qualified first-time buyers. In 2025, the median down payment for first-time

: Backed by the U.S. Department of Agriculture , these offer 0% down for low-to-moderate-income buyers in designated rural and suburban areas.

When you put down less than 20%, lenders typically require to protect themselves if you default. : Backed by the U

: Private Mortgage Insurance (PMI) is usually required for conventional loans. It can often be removed once you reach 20% equity in the home.