Busting the 20% Myth: How to Buy a Home with Less Down

The 20% Down Myth

One of the most persistent myths in real estate is that you need a 20% down payment to buy a home. While putting 20% down can help you avoid private mortgage insurance (PMI), it’s not a requirement for most buyers.

In fact, many loan programs are designed to help you get into a home with far less upfront cash.

Low Down Payment Loan Options

Here are some of the most accessible programs available today:

Explore FHA, VA, and USDA loan details

Why Less Down Can Be a Smart Move?

Putting less down doesn’t mean you’re making a risky decision—it means you’re using available tools to buy sooner and preserve cash for other goals.

Benefits include:

• Faster entry into homeownership

• More liquidity for renovations or emergencies

• Access to down payment assistance programs

“Homeownership shouldn’t be reserved for those with perfect savings. Today’s buyers have options—and we’re here to help them unlock the door with confidence, not delay.”
— Stephen Savant, CEO of Savant Mortgages

Final Thought: You’re Closer Than You Think

If you’ve been waiting to save 20%, you might be waiting longer than necessary. With low down payment loans and assistance programs available, you could be closer to homeownership than you realize.

Want to see what you qualify for? Get a personalized loan assessment and let’s build your path to ownership.