Saving up to buy a home can feel intimidating—especially in today’s market. For many first-time buyers, the idea that you have to put 20% down feels like a major roadblock. But here’s the truth: that’s one of the biggest myths in real estate.
Do You Really Have To Put 20% Down?
Unless your specific loan or lender requires it, chances are—you don’t need to put 20% down. There are plenty of loan options specifically designed to help first-time buyers enter the market with much smaller down payments.
- FHA loans: as little as 3.5% down
- VA and USDA loans: 0% down for qualifying buyers (like Veterans and rural buyers)
- Conventional loans: often available with 3-5% down
Down Payment Assistance Can Boost Your Budget
What most buyers don’t realize is that there are also down payment assistance programs available—and many people qualify without knowing it. Nearly 80% of first-time buyers are eligible for help, yet only 13% use it.
In some cases, you can even combine multiple assistance programs for an even bigger impact.
Bottom Line
You don’t need 20% down to buy your first home. Between low-down-payment loan options and down payment assistance programs, the path to homeownership may be more within reach than you thought.
Want to see what programs you qualify for? Let’s connect and walk through your options—your first home might be closer than you think.
#AudraONealTeam #SellingHomesBuildingDreams
