The current 3.5% minimum down payment remains unchanged, as long as borrowers have FICO scores of 580 or above. Under 580 and the down payment jumps to 10% of the purchase price early this summer. In April the upfront mortgage insurance premium will increase from 1.75% to 2.25%, this will add $1000 on a $200,000 loan. The amount of seller concessions (where the seller pays the buyer's closing costs) will be reduced from a maximum of 6% to 3%. These changes are being made to help build FHA's capital reserves (0 comments)