Many buyers believe they need 20% down to purchase a home, but that’s far from the truth. There are several mortgage options available that require significantly less upfront investment.
FHA loans allow down payments as low as 3.5%, while some conventional programs offer options starting at 3%. VA and USDA loans may even allow zero down payment for qualified borrowers.
Additionally, down payment assistance programs can help cover initial costs, making homeownership more achievable.
Exploring these options with a mortgage advisor can help you find a solution that fits your financial situation without delaying your home purchase.