Chicago Financial Services

What is the minimum down payment required on the purchase of a home?

The minimum down payment varies according to loan type.

For example:

Conventional SFR/Condo/CO-OP: 5%

Conventional 2 Flat: 15%

Conventional 3-4 Flat: 20%

FHA SFR/Condo & 2-4 Flat: 3.5%

VA SFR/Condo & 2-4 Flat: Zero%