How much down payment do I need for a loan?

Down payment requirements vary by loan type. Conventional loans can go as low as 3% for first-time buyers, though 20% avoids PMI. FHA loans require just 3.5% with a credit score of 580 or higher. VA loans and USDA loans allow 0% down for eligible borrowers. For investment properties, conventional lenders typically require 15–25% down. Commercial loans generally require 20–35% down payment. The more you put down, the lower your loan amount, monthly payment, and interest paid over the life of the loan.