To help First Time Home Buyers, here’s some useful information.

FHA down payment requirements at a glance: Borrowers who use an FHA-insured mortgage loan to buy a house in 2019 must put down at least 3.5% of the purchase price or the appraised value of the home (whichever amount is less).

That is the minimum requirement in 2019, according to HUD Handbook 4000.1.

In order to take advantage of this low down payment amount, FHA borrowers are required to have a decision credit score of 580 or higher.