Published October 7, 2025
The Minimum Down Payment Required

Written by Sheri Kipp

Here’s why the right answer is so important for you to know.
A lot people overestimate how much they really need to save for a down payment.
The most common answers? 10 or 20%.
The truth: you may be able to put down as little as 3%.
According to FirstHomeIQ, only 8 out of 100 people actually get this right.
Don’t let misinformation hold you back.
What did you guess?
Forgot Password?
Don't worry! It happens. Please enter the email address associated with your account.
Reset Password
Confirm Your Account
Search and view Exclusive Property Listings.
We'll never post to your social networks
Sign Up for Free
Create an account to save properties, receive alerts about new listings, view comparables, and obtain monthly market reports.
Almost there...
Your profile is almost complete! Just a few more details from you.
Message frequency varies, message and data rates may apply. Text STOP to cancel, call for help.
Welcome back!
We've missed you! Please enter your details.
Message frequency varies, message and data rates may apply. Text STOP to cancel, call for help.

Are you buying or selling a home?

When are you planning on buying a new home?

Are you pre-approved for a mortgage?

Would you like to schedule a consultation now?
When would you like us to call?
Thanks! We’ll give you a call as soon as possible.

When are you planning on selling your home?
Would you like to schedule a consultation or see your home value?
Please confirm your property details:
Please check the spelling, try clearing the search box, or try reformatting to match these examples:
Address: '123 Main St, Anytown'
Neighborhood: 'Downtown'
Zip: '98115'
City: 'Anytown' or 'Anytown, State/Province'
MLS number: 'MLS# 38065544'
Request property marketing plan
You're one step away from getting a free marketing plan that shows how we'll sell your home for the most amount of money in the least amount of time - hassle free.