Kathie Norris

Kathie Norris

Mortgage Lender, NMLS 843169
Call (281) 685-8215

HomeWay Mortgage NMLS 1588259
115 E 2nd St – Hallettsville, TX 77964

Down Payment Requirements

Did you know that different loan types have different down payment requirements?

Although putting down the minimum may sound appealing, you will often find that you can get improved rates, lower cost mortgage insurance and qualify for a more expensive home by putting down more than the minimum.

The following are the minimum down payment requirements by loan type:

Conventional:

  • 3% for first-time home buyers (anyone that has not owned a property in the past 3 years)
  • 5% for everyone else
  • 20% if you don’t want to escrow or pay mortgage insurance

FHA: 3.5%
VA: 0%
USDA: 0%
Portfolio: 20% down

Need additional information or have questions? Call Me! I’d be glad to help and guide you through each one of these financing options.


My goal is to provide timely, educational information related to the Real Estate and Mortgage industries, along with some fun stuff just to make you smile. I want and value your input! Please email any questions or comments you have. – Kathie