What is the minimum down payment for an FHA loan?

The minimum FHA down payment is 3.5% with a credit score of 580 or higher. On a $300,000 Florida home that's $10,500. Scores between 500 and 579 require 10% down.

FHA also lets the entire down payment come from a gift, and it pairs well with Florida down payment assistance programs that can cover most or all of that 3.5%. We routinely stack the two to get buyers in with little out of pocket.

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