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Down Payments

Down Payment Options

Down payment requirements depend on what area you are looking to buy, how much income you earn, how much money you have available, and if you are a qualifying veteran.  
Green Family Mortgage can find a loan for almost everyone with 5% down or less if they are looking to buy a single family primary residence.


Primary residence

  • 0%:  Zero down loans are available to veterans OR if you plan to buy in a rural area and meet the moderate to low income requirements. 
  • 3%: Conventional loans for first time homebuyers are available for as little as 3% down regardless of where you are looking to live or how much you earn.
  • 3.5%: FHA 3.5% down is an option available to most homebuyers.  
  • 5%: Almost everyone can qualify for a 5% down conventional loan product.   

Second Home

If you want to purchase a second home, usually a minimum of 10% down will be required.


Investment / Rental Property

If you are planning to buy a home as an investment with the purpose of renting it out, then you will need a minimum of 15% down to qualify.


*These options are all for single family stand alone homes. If you are thinking about a condo, manufactured home, duplex, triplex or more call us for more information: 503-887-7333.

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PO Box 11583 Portland, OR 97211     NMLS Consumer Access

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