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(702) 696-9900Check Rate
QUICK ANSWER — Conventional down payment: 5% standard ($21,750 on $435K), 3% for first-time buyers ($13,050), 20% eliminates PMI ($87,000). Gift funds allowed. Valley West. NMLS #65506.
Reviewed by Vatche Saatdjian·NMLS #65506

Conventional Down Payment

5% standard. 3% for first-time buyers. 20% eliminates PMI. See which option makes the most sense for you.

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790+
Reviews
No PMI
At 20% Down
50+
Lenders
28
Days Avg
OPTIONS

Down Payment Options

3%
First-Time Buyers

$13,050 on $435K. PMI required until 20% equity. Fannie Mae HomeReady or Freddie Mac Home Possible.

5%
Standard Minimum

$21,750 on $435K. Lower PMI than 3%. Available to all borrowers, not just first-time.

20%
No PMI Ever

$87,000 on $435K. Zero PMI saves $183/month. Lowest rate. Strongest offer for sellers.

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WHY US
The Valley West Difference
50+
Lenders competing for your loan.
$0
Application + processing fees.
28
Average days to close.
4.9★
790+ five-star reviews.
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REVIEWS

What Homebuyers Say

★★★★★

"Put 20% down, no PMI. Valley West got me 0.25% lower than my bank offered. Saved $180/month."

— Conventional buyer, Las Vegas
★★★★★

"Shopped 50+ lenders. Zero fees. Closed in 25 days on my investment property."

— Conventional buyer, Henderson
★★★★★

"Refinanced from FHA to conventional. Dropped MIP, rate went down. Saving $350/month."

— Refinance buyer, Summerlin

Conventional Resources

→ Requirements → Rates Today → Calculator → Credit Score Guide → Down Payment → Conv vs FHA → First-Time Buyer → Pre-Approval → Closing Costs → Compare All Loans
FAQ

Questions? Answered.

3% for first-time buyers through HomeReady/Home Possible programs. 5% standard for all borrowers. 20% eliminates PMI.

On a $435K home: saves $183/month PMI + gets you a lower rate. You break even vs 5% down in about 6 years.

Yes. Conventional allows gift funds from family for down payment. With 20%+ down, 100% can be gifted. With less than 20%, some of your own funds may be required.

Some conventional programs allow down payment assistance. HomeReady and Home Possible accept it. Ask Valley West about available programs.

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Also: VA Loans → · FHA Loans →

conventional rates from 5.750%
(702) 696-9900Check Conventional Rate