Affordable Homeownership: Debunking the 20% Down Payment Myth

Neighborhood of different color single family homes

One of the biggest reasons people delay buying a home isn’t credit, income, or even interest rates. It’s a belief they’ve carried for years: “I can’t buy until I have 20% down.” That idea has stopped countless capable buyers, especially first-time buyers and self-employed earners—from even starting the conversation. The truth is far less intimidating.…

Happy couple on floor with moving boxes all around

You’ve probably heard it a hundred times: “You need 20% down to buy a house.” For many people, that number feels like a wall—too high, too out of reach, and definitely not happening anytime soon. But here’s the truth: that’s not just outdated advice… it’s a flat-out myth. The reality is, there are several low-…