Lina is looking to purchase her first home and wishes to have a conventional mortgage as this will allow her to have access to better interest rates. She is looking to make an offer on a home for $300,000. As her budget is tight, she wants to know the minimum amount needed for a down payment for a conventional mortgage.

Points: 1

1. $45,000

2. $25,000

3. $15,000

4. $60,000

5. $5,000