You Don’t Need 20% Down to Buy a Home
- Beth Outz
- Jul 8
- 2 min read
If you’ve been dreaming about homeownership but holding off because you think you need 20% down… it’s time for a reality check (in the best way!).
This is one of the biggest myths in real estate — and it’s keeping way too many people on the sidelines.
💭 The Myth: You Need 20% Down to Buy a Home
Let’s clear this up right now: you do NOT need 20% down. That’s just one option — not the only one. While putting 20% down can help you avoid Private Mortgage Insurance (PMI), it’s not a requirement to buy.
In fact, many buyers are getting into homes with much less.
💸 Real Numbers: What You Actually Need
Here are a few common financing options available today:
Conventional loans: As low as 3% down
FHA loans: As low as 3.5% down
VA loans (for eligible veterans): 0% down
USDA loans (in rural areas): 0% down
First-time buyer programs & grants: May offer down payment assistance
You read that right — there are 0% down options out there! And plenty of programs are designed to help both first-time and repeat buyers make that jump into homeownership.
🧭 Don’t Navigate This Alone
You might be wondering: “How do I know which option is right for me?”
That’s where I come in. 💁♀️I’ve worked with amazing local and national lenders who offer a variety of financing solutions, and I love playing matchmaker to help my clients find the right fit.
📲 Let’s Chat!
If you’re curious about what you really qualify for — or if you’re ready to stop renting and start building equity — I’d love to help.
👉 Contact me today, and I’ll connect you with a lender who fits your needs, your goals, and your budget. No pressure, just real talk and real options.
Because as Your Home Girl, I’m here to guide you every step of the way — and help you feel confident in your next move.
Kim Idel — Your Home Girl
📞 573.761.3403 or 573.230.0333
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