Well I hope this helps! If you have any further questions or if you need a loan, feel free to contact me. Also, if you found this helpful please leave me a recommendation if you can!
Brian Nguyen Sr.
NMLS # 659743
Remax Prestige Properties
2331 Hualapai Mtn Rd,
Kingman, AZ 86401
A few inaccuracies below from agents answering a lender question (funny, never see a lender trying to answer a real estate question...): FHA now has a minimum 3.5% down payment and conventional can be as low as 3% under the My Community program.
A "normal" conventional loan can be had with 5% down and Mortgage Insurance (MI). The more you can put down on conventional, in 5% increments, the lower the MI premium charged (80.01-85.00 is the lowest premium; 85.01-90.00 is a bit higher; etc.). This is not the case with an FHA loan--no matter how much you put down on a 30-year FHA loan, you still have to pay the MI, and now it is for the life of the loan.
So, how much one has to put down to buy a home is best answered by talking with a licensed mortgage loan originator and going over your specific situation.
Bill. NMLS #223607
Eva White - HELP-U-SELL serving Mohave Valley, Golden Shores, Fort Mohave and Bullhead City AZ