text: If its your first house and FHA loan requires 0% down, many loans require only 5% down the most important factor is your debt ratio and that is 40% I am closing on Monday and just went through all of this  I went through this in Seattle two years ago so I know what I am talking about.  Go on line and get with a company can englending.com they will get you the best rate and bank with your current credit and finances, a tip is to by an inexpensive fax machine because you will be doing a lot of it over the next couple of month but your fax will cost you under 40 bucks.