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Loan Over $417,000? 2 Options: 10% Down or 3.5% Down FHA

If loan amounts are under $417,000, buyers can get conventional financing with as little as 3% down, as well as FHA financing with 3.5% down.

If loan amounts are over $417,000, however, buyers still have only two options: conventional financing with 10% down or more, or FHA financing with 3.5% down.

This is an important reminder b/c so many of our Realtors push for “conventional financing” for their clients with limited down payment funds in higher-end markets. If buyers are shopping for homes in the $465,000+ range, they will have to use FHA financing or put down 10% or more for conventional financing.

Jay Voorhees
Founder/Broker | JVM Lending
(925) 855-4491 | DRE# 01524255, NMLS# 335646