Do You Really Need 20% Down to Buy a Home?

One of the biggest myths we hear from buyers is this:

“I need 20% down before I can even think about buying a home.”

And honestly, it’s one of the main things that keeps people stuck on the sidelines longer than they need to be.

The truth is, you do not need 20% down to buy a home.

There are several loan options available with much lower down payment requirements, and in some cases, there are even assistance programs that can help bridge the gap.

But here’s what actually matters more than the down payment

It’s About Your Full Financial Picture

When you’re thinking about buying a home, the focus shouldn’t just be on the down payment number.

It should be on:

• Your monthly payment
• What feels comfortable for your lifestyle
• Your long-term goals with real estate

Because being approved for a certain amount and feeling good about that payment every month are two very different things.

Don’t Forget About Cash to Close + Real-Life Expenses

Another important piece that often gets overlooked is everything outside of just the down payment.

Things like:

• Closing costs (your cash to close)
• Ongoing maintenance and repairs
• Having a financial cushion after you move in

We always want our clients to feel confident and prepared, not stretched thin.

Every Buyer’s Situation Is Different

There isn’t a one-size-fits-all answer when it comes to buying a home.

That’s why getting real numbers early and having a clear game plan makes such a big difference.

Whether you’re buying your first home, moving up, or thinking about real estate as a long-term wealth strategy, it should be done in a way that actually works for you.

If homeownership has been on your mind but you’re not sure where to start, we would love to help guide you in the right direction.

And if you have any questions about buying, selling, or investing in real estate, we would love to help answer them for you.

📱 Call or text
📧 Drew Francis
📧 Caitie Francis
🌐 FrancisHomeGroup.com