First-Time Buyer 3 Percent Down Payment Conventional Loan
| |

First-Time Buyer 3 Percent Down Payment Conventional Loan

What Are The 3% Down Payment Conventional Loan Requirements And Guidelines? Fannie Mae and Freddie Mac allow a 3% down payment on conventional loans for first-time homebuyers. A first-time homebuyer is a buyer who had no ownership of a home in the past three years.