City Of Houston Down Payment Assistance Programs

Conventional Loan Down Payment Conventional loans have traditionally been intended for borrowers with excellent FICO scores, and who plan to put a little more money down. Unlike FHA, VA and USDA loans, they are not backed by the federal government.

Houston officials plan to invest $600 million in repairing or building single-family homes and $375 million to fix or construct apartments, according to a document outlining how the city intends.

Investment Property Down Payment Requirements Minimum Down Payment For Fha Loan For many borrowers, an FHA loan provides a more affordable mortgage option with a minimum down payment requirement as low as 3.5 percent. Easy credit qualifying Another benefit of FHA loans is that they allow more flexibility with regard to a borrower’s credit history.