You’ll want to consider how much you’ve been able to save for a down payment, the price of the house you want to buy, the cost of renovations, and how the down payment amount impacts your potential mortgage. With FHA loans, you’re also able to use a gift toward your down payment amount, as long as it’s well documented and clearly not a loan. A typical minimum required down payment amount for FHA 203(k) loans is 3.5% for credit scores of 580 or more. With a higher down payment at 10%, you may qualify with a lower credit score, down to 500. Depending on your current finances and your homebuying situation, various requirements are considered to determine your minimum down payment amount.