– One of the benefits of an FHA loan in 2019 is a very low FHA down payment requirement. The FHA down payment requirements are the same regardless as to where you are located according to the FHA guidelines. The minimum down payment will need to be met if you plan to qualify for an FHA loan.
Like some conventional loan products, FHA loans have a low-down payment option – as little as 3.5% down – and more relaxed credit requirements. Lenders require mortgage insurance for all FHA loans,