Yes — FHA lets many buyers purchase a primary residence with just 3.5% down when the credit score is 580 or higher. Gift funds can cover the entire down payment when documented correctly.
Low down payment is the headline — cash to close is the real number.
On a $300,000 home, that is $10,500 down before closing costs. Upfront MIP is often financed into the loan.
Below 580, FHA usually expects at least 10% down if the lender offers that tier.
Family, employers, and qualified nonprofits can gift the full down payment with proper paperwork.
Sellers can contribute to closing costs within FHA concession limits — we structure the contract correctly.
Low down payment means FHA mortgage insurance — understand duration before you choose FHA over conventional.
3.5% down is only one lever. These moves often matter more at the closing table.
Low down payment does not mean light paperwork.
The right contract language keeps FHA 3.5% down files from stalling in underwriting.
Step 1
Down payment, costs, and prepaid items in one number.
Step 2
Gifts, savings, and credits documented early.
Step 3
Low down is not always the lowest total cost.
Step 4
Write offers with a payment you already understand.
Related guides to help you compare options and move toward pre-approval.
2MG Daily
Recent articles from our blog on FHA down payments and first-time buyers.
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Yes, on most FHA purchase loans when your qualifying credit score is 580 or higher and you meet income, DTI, and occupancy guidelines.
Yes. FHA allows 100% of the down payment to come from eligible gift funds with a gift letter and proof of transfer.
FHA may still allow financing with at least 10% down in the 500–579 range, subject to lender overlays. We will tell you which path is realistic.
No. Plan for closing costs, prepaid items, and reserves if required. Seller credits and lender credits can reduce cash to close within FHA limits.
We will map your cash to close — down payment, closing costs, and MIP — before you write an offer.