What is the minimum down payment for conventional, FHA, and VA loans?
While conventional loans (those not backed by a government agency) usually require a minimum down payment of 5%, Wells Fargo Home Mortgage has low down payment programs available. FHA mortgages from Wells Fargo, insured by the Federal Housing Administration, are available for as little as 3% down. VA mortgages from Wells Fargo, guaranteed by the Department of Veterans Affairs, have a no-down payment option for eligible veterans buying a home.
