Episode 3 of 6 · Reno first-time homebuyer · 中文房貸
第一次在 Reno 或 Sparks 買房，不一定要準備 20% down payment。This bilingual Short explains several lower-down-payment possibilities—and why the better question is how the complete cash-to-close plan and monthly payment fit your finances.
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No. The down payment depends on the borrower, property, occupancy, loan program, lender requirements, and current underwriting guidelines. Some conventional programs offer eligible borrowers options as low as 3% down, while HUD says an FHA down payment can be as low as 3.5%.
第一次在 Reno 買房，不一定要準備 20% 頭期款。實際需要多少，要看申請人的收入、資產、信用、負債、房屋用途、物件條件及貸款方案。
VA-backed purchase loans may offer no down payment for eligible borrowers when applicable requirements are met. USDA’s guaranteed program can also provide no-money-down financing for qualified borrowers purchasing eligible rural properties. Eligibility, appraisal, lender, property, income, and program rules still apply.
Review current details through the official VA purchase-loan guidance and USDA guaranteed-loan program.
With many conventional loans, a down payment below 20% can involve private mortgage insurance. FHA and other programs can carry their own mortgage-insurance premiums, funding fees, guarantee fees, or eligibility requirements. Compare the complete loan estimate and expected payment rather than choosing from the down-payment percentage alone.
Cash planning can include the down payment, lender and settlement charges, prepaid taxes and insurance, initial escrow funding, inspections, appraisal, moving, immediate repairs, and reserves. The goal is not simply to reach the lowest possible down payment; it is to choose a structure that leaves a sustainable monthly payment and an appropriate financial cushion.
For the broader buying process, continue with the 2026 Reno Home Buying Guide｜雷諾買房完整指南.
MingChi Huang, Mortgage Loan Originator (Mortgage Loan Officer), NMLS ID 2663206. Mortgage services offered through Family Mortgage Inc. This educational content is not a commitment to lend or a guarantee of approval, rate, fees, terms, down payment, or program eligibility. All loans are subject to application, verification, underwriting, property review, applicable law, and current program requirements. Rates, fees, terms, and programs may change without notice. Equal Housing Opportunity.
Official program guidance, disclosures, agreements, and loan documents control. Nothing here is legal, tax, accounting, or financial-planning advice.
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