The 20% MYTH!

Have you mentioned to anyone that you’re thinking about buying a home? Be prepared to get advice and tips from everyone!

The only bad thing about all this free help is all the misinformation and myths that get spread around about buying a house. For example, one of the MYTHS I hear all the time is that you HAVE TO HAVE 20% down in order to purchase a home!  

For a long time it was REQUIRED that you have 20% down in order to purchase a home. However, this made homeownership so inaccessible to many people that Mortgage Insurance was created, allowing individuals to purchase a home even with less than 20% down! 

The variety of loan programs available today makes homeownership more accessible with MULTIPLE down payment options.

➡️ The average down payment is just 5 – 7%

➡️ Many loan programs only require 3 – 5%

➡️ Government programs will allow 0% DOWN

While many options are available, the only way to know what specific down payment options are available to YOU is to talk to a lender who can take a look at your unique situation.

To learn more about down payments CLICK HERE!

If you’d like to learn more about the specific down payment options available to you CLICK HERE!

Justice Roberts Loan Officer

Justice Roberts

View All Testimonials