How Much Down Payment Do You Really Need? Understanding the Options and Assistance Programs Available

Travis Jenkins

Published on: 28/07/2025

The Traditional 20% Rule—And Why It’s Not Mandatory For decades, the idea that buyers need a 20% down payment to purchase a home has stuck in the public consciousness. While putting down 20% can help you avoid private mortgage insurance (PMI) and lower your monthly payments, it's far from a requirement. In fact, most homebuyers—especially first-time buyers—put down far less.

Mortgage

Which Loan Program Is Right for You: Conventional, FHA, VA, or USDA?

Travis Jenkins

Published on: 28/07/2025

Choosing the right mortgage loan can feel overwhelming, especially with multiple programs available—each designed for different types of homebuyers. Whether you’re buying your first home or refinancing your current one, understanding how Conventional, FHA, VA, and USDA loans differ is essential to making the best financial decision. Here's a breakdown to help you decide which loan program suits you best.

Mortgage