Buying Your First Home Doesn’t Have to Be Complicated
Learn how to buy with as little as 3–5% down, use gift funds, and take advantage of first-time buyer programs.
You Don’t Need 20% Down
Most first-time homebuyers are surprised to learn that a large down payment isn’t required.
- Many loan programs allow as little as 3–5% down
- Some buyers may qualify for 0% down programs
- Putting less down can help you buy sooner
Where Your Down Payment Can Come From
Your down payment doesn’t have to come entirely from your savings.
- Gift funds from family
- Retirement accounts (401k or IRA)
- Down payment assistance programs
- Savings or investments
First-Time Buyer Programs
There are programs specifically designed to make homeownership more accessible:
- Low down payment options
- Reduced mortgage insurance
- Down payment assistance grants
- Flexible credit requirements
We’ll help match you with the best program for your situation.
The Home Buying Process
- Pre-Approval – Know your budget
- Home Search – Find the right home
- Make an Offer – Negotiate terms
- Inspection & Appraisal – Protect your investment
- Closing Day – Get your keys 🎉
Frequently Asked Questions
Do I really only need 3–5% down?
Yes—many loan programs allow for low down payments.
Can I use a gift for my down payment?
Yes—family gifts are commonly used and allowed.
Can I use retirement savings?
Yes—some retirement funds can be used or borrowed against.
What credit score do I need?
Many programs allow scores starting in the mid-600s (sometimes lower).
How much are closing costs?
Typically 2–5% of the purchase price, with options to reduce them.
Common Mistakes to Avoid
- Waiting too long to start
- Not getting pre-approved early
- Making big purchases before closing
- Assuming you need 20% down
- Not exploring assistance programs
Ready to Take the First Step?
Let’s create a plan that fits your budget and timeline.
