There is no single US minimum
Conventional programs can offer low-down-payment options subject to their own rules. FHA down payments can be as low as 3.5% for eligible borrowers. VA and USDA programs may offer no-down-payment financing for qualifying borrowers and properties. These are separate programs, not a universal promise of zero cash at closing.
Model the trade-off, not just the percentage
Compare a smaller down payment with a larger one using the same purchase price and term. Include quoted monthly mortgage insurance, any financed fees, estimated closing costs and the cash left over. FHA insurance and conventional PMI have different rules; do not assume both disappear at the same equity point. A lender’s Loan Estimate is the better source for the actual quote.
Prepare evidence before moving funds
Lenders may need statements, gift documentation and an explanation for unusual deposits. A transfer between your accounts can create a paper trail that still needs to be connected. Avoid sending account documents to an educational chat. Use the secure channel your chosen lender provides.
A question worth asking
Does a no-down-payment loan mean a no-cost purchase?
No. Closing costs, prepaids, reserves or program fees can still apply. Confirm the complete estimate and eligibility with the lender.
Check the source
Primary references checked October 28, 2026. Rules and product availability can change; confirm the requirements for your actual transaction.