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Can I Buy A Home With Less Than 20% Down?

Can I Buy a Home Without Having 20% Down?

Sure! You Just Have to Have the Right Lender and the Right Program


Thousands of buyers each year turn to a variety of loan programs that don't require a 20% down payment. There are several loan offerings to choose from that range from $0 down to 10% down, and are offered through government or community loan programs. Here are a few:

1. Federal Housing Administration (FHA) - Probably the most popular program available today, the FHA loan allows for as little as 3.5% down payment and sets a loan limit based on area home prices and the borrowers income level. Nearly all mortgage lenders offer FHA loans, but certain lenders specialize in these loan types making for a streamlined purchase.

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