Residential Mortgage Purchase CONVENTIONAL LOAN Put down as little as 3% for fixed rate loans 620 minimum credit score accepted Consistent payments simplify planning and budgeting FHA LOAN Put down as little as 3.5%. A minimum credit score of 580 may be accepted. Up to 6% seller concession allowed. VA LOAN 0% down payment. No monthly Private Mortgage Insurance. Seller can pay all closing cost with seller concession. 620 minimum credit score required. Jumbo Loans Loan amounts up to $3M. Low interest rates for qualifying borrowers. Interest-only jumbo ARM available. 10-15% Down payment available. USDA 0% money down. Low monthly mortgage insurance. 6% seller concession allowed.