Can a down payment be included in an FHA loan?

Answer A down payment cannot be included in an FHA loan. The minimum down payment for a borrower in a FHA loan transaction is 3.5 percent. However, the down payment can come from gift funds from a relativ... Read More »

Top Q&A For: Can a down payment be included in an FHA loan

How much of a down payment is required on an fha mortgage loan?

An FHA mortgage requires at least a 3.5 percent down payment as long as your credit score exceeds 580. If your credit score does not meet this requirement, you must put down at least 10 percent.Ref... Read More »

Can I get a car loan with a credit score of 590 and no down payment?

On One Hand: Credit-Impaired Loans.You can get a car loan with no down payment, even with a credit score as low as 590. While a dealership or a bank may be unwilling to finance you, used car dealer... Read More »

What is the minimum down payment on a conventional home loan?

A conventional home loan, which is underwritten by either Freddie Mac or Fannie Mae, requires a minimum down payment of 5 percent of the purchase price of the home. The down payment may be up to 20... Read More »

How much down payment do I need for a commercial business loan?

Every bank has its own requirements and policies for commercial business loans, but most require some type of down payment. The minimum down payment necessary is 10 percent, though some banks may r... Read More »