This amount can vary from $0 for VA loans, 3.5% for FHA Loans and 20% for conforming mortgages.Merino FHA loans ramah fha loans The Benefits of Getting a Loan from Quicken Loans We’re an FHA-approved lender and process FHA loans every day. You get a completely online application with less paperwork.
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Typically an FHA loan is one of the easiest types of mortgage loans to qualify for because it requires a low down payment and you can have less-than-perfect credit. For FHA loans, down payment of 3.5 percent is required for maximum financing. This amount can vary from $0 for VA loans, 3.5% for FHA Loans and 20% for conforming mortgages.
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