The amount of a down payment needed for a mortgage loan depends on the type of loan and additional credit underwriting criteria. A FHA loan requires a minimum down payment of 3.5%, conventional loans require a minimum down payment of 3%, and VA loans typically, with some exceptions, don't require a down payment. There are higher down payments required for specific programs and scenarios; talk with your lender to learn more. Here's a tool
that can help you calculate how much you put down can affect your payments and rate.