¹For a conventional loan, the minimum down payment requirement typically ranges from 3% to 20% of the purchase price, depending on factors such as credit score, loan type, and property use. Borrowers with higher credit scores and strong financial profiles may qualify for lower down payment options, while certain loan programs or investor guidelines may require larger deposits. It is important to note that making a down payment of less than 20% may require private mortgage insurance, which can increase your monthly payment. The exact down payment amount will be determined during the loan approval process based on your individual financial situation and the specific requirements of the lender.