12/20/2025
70% of Americans think you need at least 10% down to buy a home. That belief is keeping a LOT of people stuck renting. Whatβs the actual truth?π§
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You do NOT need 20% down! Many conventional loans allow as little as 3% down for first time buyers. Yes, PMI may apply, but it is often way less costly than people assume and it can be removed later. Waiting years to save up for a 20% down paying usually costs more than PMI ever will.
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FHA requires just 3.5% down and is very forgiving on credit and debt to income ratios.This is a great option for buyers who have decent income but are still rebuilding credit or do not want to drain their savings to buy.
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For veterans and active duty service members, this is often the best option. 0% down. No monthly mortgage insurance. Competitive rates.
ππ¨πππ¨π¦ π₯π’π§π: the biggest barrier to homeownership for most people is misinformation, not money π° . If you are waiting to buy because you think you need a large down payment, letβs talk. π²You might be closer than you think.
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π²972-977-7640
ππππ #1629149
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