Low down payment

Buy with less saved up front.

A 20% down payment isn't the only way in. If your income is steady, low-down-payment routes — FHA loans and down-payment assistance among them — can shrink the cash you need to reach closing.

As little as 3% downAssistance may applyIncome-driven

Who this fits

  • Your income is steady, but savings are thin
  • A full 20% down payment isn't realistic right now
  • You're a first-time buyer — or returning after renting for years
  • You want to stop renting sooner rather than later

How it works

  1. 1Many loan types accept down payments as low as 3% to 3.5% of the price.
  2. 2Down-payment assistance programs may cover part of the down payment or closing costs, often as a grant or second loan.
  3. 3We read your savings, income, and location, then surface the low-down-payment routes worth comparing.
  4. 4From there, a licensed lender in your state confirms the numbers and next steps.

What to know

Programs and assistance vary by state, lender, and price range. Mortgage insurance usually applies on low-down-payment loans, and eligibility depends on your income and credit. We're not a lender — we help you see the route and connect you with licensed professionals.

Is this your route?

Take the 90-second quiz. No card, no credit pull, no obligation — we’ll confirm whether the low down payment route fits and what comes next.

Take the quiz

The Home Programs is not a lender or mortgage broker and does not originate loans, take applications, or make credit decisions. Programs, rates, and terms are offered by third parties and are subject to change without notice. Equal Housing Opportunity. See our disclosures.