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You May Not Need as Much as You Think for Your Down Payment

Discover how you might need less than you think for a down payment on a new home. Explore loan options and get ready to buy!

Many people believe you need to put down 20% of the purchase price when you buy a home. However, recent homebuyers actually put down far less on their purchase.

Some Highlights

  • Lower Down Payment Reality: With programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%.

  • Financial Readiness: Understanding these options can help you realize you might be ready to buy a home sooner rather than later.

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