How Much Deposit To Buy A House In California -

: 0% down (for low-to-moderate income buyers in rural areas).

: 0% down (for eligible veterans and service members).

Putting down allows you to avoid Private Mortgage Insurance (PMI) , which can save you hundreds of dollars in monthly payments. 🌟 Assistance Programs (2026) What Is Earnest Money When Buying a Home in Los Angeles? how much deposit to buy a house in california

This is "good faith" money you pay when your offer is accepted. It shows the seller you are a serious buyer. : 1% to 3% of the purchase price.

: Often require 10% to 20% down (required if the loan exceeds conforming limits). Why 20% is the "Magic Number" : 0% down (for low-to-moderate income buyers in rural areas)

To buy a house in California in 2026, you generally need two separate "deposits" at different stages of the process: an ( 1–3% of price ) to secure your offer and a down payment (0–20% of price) to finalize your loan.

This is the larger sum paid at the end of the transaction to secure your mortgage. Minimum Requirements by Loan Type 🌟 Assistance Programs (2026) What Is Earnest Money

: As low as 3% down (minimum credit score typically 620+). FHA Loans : 3.5% down (minimum credit score 580+).