09/02/2026
Mortgage Myth: You need a 20% down payment to buy a home.
Reality: This is one of the biggest mortgage myths out there.
Here's the thing, though, many homebuyers qualify with much less down. Depending on the loan program and your qualifications, there may be options that require a smaller upfront investment. Some qualify for down payments as low as 0%, 3%, or 3.5%
The biggest mistake when it comes to down payments? Assuming homeownership is out of reach without exploring your options.