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< Fannie Mae Loans

Fannie Mae Down Payment

Basically, the borrower or a co-borrower must pay the down payment in a reasonable manner that conforms with Fannie Mae down payment guidelines.

Below, are some of Fannie Mae down payment guidelines:


Most commonly a minimum of 5% down payment is required from the buyer of an owner occupied property if the loan to value exceeds 80% of the purchase price.  However, on an investment property, a minimum of 20% down payment if required from the borrowers' own funds.

Seller contributes are unacceptable forms of down payment on a mortgage loan. Furthermore, the down payment may not be from the proceeds of a personal loan, a gift that must be repaid, a cash advance, or money from an unverified source.

Gifts are acceptable if they come form a relative, church, or nonprofit organization and do not need to be repaid. A relative is any guardian, spouse, child or dependant, person related to the borrower through adoption, blood, or marriage, a fiancée or domestic partner. Gifts are not permissible for second home or investment properties.


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