💰 Down Payment Myths vs. Reality: What You Really Need to Buy a Home

One of the biggest questions I hear from homebuyers is: “Do I need 20% down to buy a home?” The truth is, that’s a myth.

Here in Chico, Oroville, and across California, there are many programs that can help you buy a home with far less.

🚫 The 20% Myth

While putting 20% down can reduce your monthly payment, it is not required. Most buyers today put down far less—and still become successful homeowners.

✅ The Reality

Depending on your situation, you may qualify for:

• FHA loans starting at just 3.5% down

• Conventional loans starting at 3% down

• Down payment assistance programs (especially helpful for first-time buyers)

• ITIN programs for buyers using an Individual Taxpayer Identification Number

That means if you’re buying a $300,000 home, you may need as little as $9,000–$10,500 for your down payment (plus closing costs).

🌱 Planting Your Seed for Homeownership

The key is to explore your options. Think of your down payment as planting the seed 🌱—once you start, you’ll watch it grow into equity and long-term wealth.

✅ Ready to Learn More?

Don’t let myths hold you back. Whether you’re a first-time buyer, looking at ITIN programs, or ready to upgrade, I can walk you through the best down payment options available.

📲 Call or DM me today to find out how close you really are to becoming a homeowner!