Do You Really Need 20% Down to Buy a Home? (Spoiler: Nope!)

by Bren Brewer

One of the biggest myths I hear from hopeful homebuyers is this:

“I need to save up 20% for a down payment before I can buy a house.”
🙅‍♀️ Not true.

While a 20% down payment might help you avoid private mortgage insurance (PMI), it’s not a requirement—and for most buyers, it’s not realistic either.

💡 Most Buyers Don’t Put 20% Down

According to recent data, the average down payment for first-time buyers is much closer to 6%.
In fact, many buyers put down even less than that thanks to a wide range of financing options, including:

FHA Loans – As little as 3.5% down
Conventional Loans – Start at 3% down
VA Loans – 0% down for eligible veterans and active service members
USDA Loans – 0% down for qualifying rural properties
Down Payment Assistance Programs – Grants, forgivable loans, and other resources may be available in your area

🏠 Don’t Let the 20% Myth Stop You

Waiting until you’ve saved a full 20% could delay your homeownership goals by years—and in that time, home prices and interest rates may continue to climb.

The good news? You can get pre-approved and explore your real options with way less cash than you might think.

📲 Let’s Chat About Your Options

Whether you're buying your first home or just getting back into the market, there’s a loan program that might fit your situation—and I’d love to help you find it.

💬 Contact me today to schedule a quick strategy session.
Let’s get you one step closer to your new home—without waiting for 20%.

🔗 Need help getting started?
Check out my free Home Buyer’s Guide 👉 https://www.brenbrewer.com/home-buyers-guide
Or message me directly for a personalized game plan!