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<h1 class="zn0o0 VwmRm blog-post-title-font blog-post-title-color blog-text-color post-title blog-hover-container-element-color Zk5w2 blog-post-page-title-font"><span class="post-title__text blog-post-title-font blog-post-title-color" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; background: transparent; font: bold 40px &quot;playfair display&quot;, serif; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); box-sizing: inherit; color: rgb(42, 42, 42);"><span class="blog-post-title-font blog-post-title-color" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; background: transparent; font: bold 40px &quot;playfair display&quot;, serif; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); box-sizing: inherit; color: rgb(42, 42, 42);">Why Is 20% Ideal for a Down Payment?</h1><span class="_2PHJq public-DraftStyleDefault-ltr" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; background: transparent; font: inherit; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); box-sizing: inherit; direction: ltr; display: block; text-align: left !important;">The minimum down payment required for a conventional loan is 3%. And the minimum down payment for an FHA loan is 3.5%. Some special loan programs even allow for&nbsp;0% down payments.&nbsp;But still, a 20% down payment is considered ideal when purchasing a home. You may have heard this referred to as the 20% rule.<span class="_2PHJq public-DraftStyleDefault-ltr" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; background: transparent; font: inherit; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); box-sizing: inherit; direction: ltr; display: block; text-align: left !important;">For many home shoppers, saving up for a 20% down payment is not easy, but it can have significant financial benefits. For starters, it will help you avoid paying private mortgage insurance (PMI)&nbsp;and lower your monthly mortgage payments.&nbsp;

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