Mortgage Tips & Home Loan Insights for Florida & Maine

One of the most common mortgage myths we hear is this: “You need 20% down to buy a home.” It is a belief that keeps many perfectly capable buyers sitting on the sidelines longer than they need to. The truth is, many homebuyers qualify with much less down. In many cases, buyers may be able to purchase a home with as little as 3% to 5% down. Some loan programs even allow lower down payment options for qualified borrowers. That means the old idea that you must save up a full 20%