Blog

Blog Image: Is a Bigger Down Payment Always Better?

Is a Bigger Down Payment Always Better?

In the homebuying process, if you find yourself in the enviable position of having more cash than needed for a minimum down payment, it may be difficult to know just how much you should put down. A larger down payment can bring plenty of benefits, but is it always best to contribute the biggest down payment possible?  First, remember that every loan program has its own down payment requirements. FHA loans for example require a minimum of 3.5% while jumbo loans will require at least 10%. To get a conventional loan without PMI you’ll need 20%. USDA and VA, by contrast, do not requi...

September 25th, 2019 | Purchasing a Home, Preapproval, Mortgage Advice, Is a Bigger Down Payment Always Better?

Find Us

Capital Funding

28202 Cabot Rd, Suite 300
Laguna Niguel, California 92677
TOLL-FREE
949-365-5737
FAX: 949-365-5601
NMLS: 330902

Loans made or arranged pursuant to Real Estate Corporate License #01360129 CA Bureau of Real Estate 877-373-4542

These materials are not from HUD/FHA and were not approved by HUD or a government agency.