An FHA loan requires a 3.5 percent down payment on the purchase price of the loan.

FHA loans are appealing to first-time buyers because of the low down payment requirements. For new purchase loans, an FHA loan requires a minimum of a 3.5 percent down payment. If you purchase a home for $200,000, for example, your down payment will be at least $7,000. Typically, closing costs can be wrapped into the loan and do not need to be paid out of pocket.

Keep in mind that 3.5 percent is the minimum down payment required on the purchase of a home with an FHA loan. Your lender will determine your credit worthiness which can affect the size of your down payment. Borrowers with poor credit might need to put more money down in order to qualify for the loan.