Buy With 3% Down
Can I Buy a Home With 3% Down?
How 3% Down Programs Work
3% Down vs. FHA 3.5% Down
Example on a $300,000 home
Steps to Buy With 3% Down
Keep Exploring
Related Blog Posts
Frequently Asked Questions
Find Out If 3% Down Works for You
Yes. Many first-time homebuyers can purchase with just 3% down using conforming conventional programs. You will carry PMI until you reach 20% equity — and we will show you the exact monthly cost before you shop.
Fannie Mae HomeReady and Freddie Mac HomePossible are the most common paths to 97% financing on a primary residence.
FHA accepts lower credit scores and 3.5% down, but mortgage insurance often lasts much longer. Conventional 3% down can win on total cost if your credit and income are solid.
At 3% down you need $9,000 toward the purchase price (before closing costs). We will also estimate earnest money, prepaid items, and cash-to-close so there are no surprises.
Ryan and Steve confirm eligibility before you fall in love with a listing.
Step
Related guides to help you compare options and move toward pre-approval.
2MG Daily
Recent articles from our blog on conventional loans, credit, and homebuying.
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We will check first-time buyer status, income caps, and real PMI pricing on today’s rate sheet.
- window.open('https: Conventional Overview How 3% Down Programs Work Fannie Mae HomeReady and Freddie Mac HomePossible are the most common paths to 97% financing on a primary residence. 3% Down vs. FHA 3.5% Down FHA accepts lower credit scores and 3.5% down, but mortgage insurance often lasts much longer. Conventional 3% down can win on total cost if your credit and income are solid. Example on a $300,000 home At 3% down you need $9,000 toward the purchase price (before closing costs). We will also estimate earnest money, prepaid items, and cash-to-close so there are no surprises. Run the conventional calculator → Compare FHA loans → First-time buyer path → Steps to Buy With 3% Down Ryan and Steve confirm eligibility before you fall in love with a listing. Keep Exploring Related guides to help you compare options and move toward pre-approval. 2MG Daily Related Blog Posts Recent articles from our blog on conventional loans, credit, and homebuying. {blogLoading ? ( ) : blogError ? ( Try Again