Fha Loan Down Payment Gift

Minimum Down Payment For Conventional Mortgage –  · Minimum Down Payment for a Conventional Loan in 2018. A conventional home loan is one that is not insured or guaranteed by the government. This distinguishes them from the FHA and VA mortgage programs, which do receive government backing.

 · The FHA allows down payments of as little as 3.5 percent, and all of it can come from a gift, while Fannie Mae, VA and USDA Rural Development allow down payments fully funded by gift money as well. If you’re getting a mortgage backed by Freddie Mac, however, you need to put up at least 5 percent of the purchase price out of your own money if.