David Marne, Broker
Half Priced Real Estate
There are also conventional loans out there that I've seen that you can put down 5%. Also don't forget that you will need to make sure you have enough money for your reserves and it's always nice to have some for closing costs as well.
The only true way you will be able to know what percentage down is required of you, is to meet with a local and trusted mortgage broker, they can prequailify you at no cost, they will look at your credit score plus your financials and let you know if there are any programs that you may quailify for. They can than outline yoru down payment and closing costs.
good luck with your loan.
For an FHA loan it is 3.5%. These days with most buyers seeking to save cash up front, FHA is pretty common. (It used to be 3%, which is why you hear that number so often.)
Hope that helps!
Matt Stigliano, Realtor (r)