Hello,In order to qualify for a home loan your credit score must be 620 or higher. If this is the case then to achieve a better quote the down is then considered. Since you don't have a large down then I suggest fixing your credit. I know of a great credit repair company. They can fix your credit within 60 days.
Hello,This depends. If the house is for investment than 20% down is required. If the house is for your primary residence 3.5% is required for FHA. More questions call me at 951 264-1003