<p>You can buy a home with conventional financing from as little as 3% down on your primary residence. Both Fannie Me and Freddie Mac have low down payment programs that allow borrowers to qualify for a conventional mortgage with lower down payments, lower Mortgage insurance, and easier qualification guidelines.</p>
<ul>
<li>Down Payment: 3% or more down payment is typically required. Down payment for primary residence can be in the form of a family gift.10% down for a second home, and 15% or higher down payment for an investment property.</li>
<li>Credit Scores: Minimum credit score required is 620. Ideal for borrows with less blemishes on their credit file.</li>
<li>Occupancy: Owner occupied, second home, or investment properties are allowed</li>
<li>Proof of income (W2&rsquo;s, tax returns, etc.)</li>
</ul>