Facts with Jay! Down Payment Myths That Keep People Renting

The most common thing I hear is 'I need 20% down.' For many buyers, that simply isn't true. FHA loans commonly allow much smaller down payments, and there are conventional products designed for first-time buyers as well.

What 20% does change is mortgage insurance and your monthly payment. That's a math conversation, not a barrier to entry.

This is general education, not lending advice. The right move is a conversation with a licensed lender who can look at your actual profile.