Increase to Minimum Down Payment As of February 15, 2016.
Increase to minimum down payment as of February 15, 2016.
Requirements will remain at 5 percent down payment for homes under $500k. Minimum down payment requirements on homes valued over $500,000 will require a 10 percent down payment. For example a $700k home will require a $45,000 down payment, 5 percent on $500,000 and 10 percent down on the remaining $200,000.
