06/10/2026
🏡 “How Much Money Do I REALLY Need to Buy a Home?” (FHA Edition)
Most people think they only need the FHA minimum down payment…
❌ NOT TRUE.
Here’s the reality:
✅ FHA Down Payment = 3.5% of the purchase price
PLUS
✅ Closing Costs = Typically 3.5%–4% of the purchase price
That means if you’re paying everything yourself, you may need closer to 7%–8% of the home’s price to get to the closing table.
💰 Buying a $300,000 home?
That could mean needing around $21,000–$24,000.
BUT WAIT… 👀
You may qualify for:
✔️ Down Payment Assistance
✔️ Homebuyer Grants
✔️ Seller-Paid Closing Costs
✔️ Lender Credits
Which could dramatically reduce your out-of-pocket costs.
The biggest mistake buyers make is assuming they need 20% down… or not knowing what help is available.
📲 Thinking about buying a home?
Comment “HOME” and I’ll show you what programs you may qualify for.
🔄 SHARE this with someone who thinks they need 20% down to buy a house.
