08/22/2026
According to the National Association of Realtors 2025 report, 31% of first-time buyers say saving for a down payment is the hardest part of the homebuying process, and the numbers show why.
First-time buyers put down a median of just 10% in 2025, the highest median down payment for first-time buyers since 1989. Meanwhile, the share of first-time buyers in the market has contracted by 50% since 2007.
Here's the good news most buyers don't know:
-You don't need 20% down. Programs exist with 3%, 3.5%, and even 0% down options depending on your situation.
-Down payment help is out there. 27% of buyers ages 26-34 received down payment help from a friend or relative, and that's before even looking at formal assistance programs.
-Waiting can cost more than it saves. Every year on the sidelines is a year of rising prices and rent working against you.
The idea that you need a huge pile of cash to buy a home is one of the biggest myths keeping renters renting.
The truth is, there's a loan program built for exactly your situation, you just need someone to show you which one.
Don't let the down payment myth keep you out of the market another year.
DM me or call today! I will find the loan program that fits your budget.
