“You need 20% down to buy a home.”

That myth has delayed millions of people from becoming homeowners.

Let’s clear this up.

Real Down Payment Requirements by Loan Type

FHA

• 3.5% down with qualifying credit

Conventional

• 3% down options available

VA

• 0% down

USDA

• 0% down

You do NOT need 20% down.

20% simply removes mortgage insurance on Conventional loans.

That’s it.

What Actually Impacts Your Down Payment

Down payment requirements depend on:

• Credit score
• Debt-to-income ratio
• Loan program
• Property type
• Income limits
• Available assistance programs

Most buyers don’t know they may qualify for:

• Down Payment Assistance
• Grants
• Seller concessions
• State housing programs

The Bigger Question: What’s Your True Monthly Payment?

Down payment is important — but your monthly payment matters more.

LoanBot™ helps you compare:

• 3% down vs 3.5%
• FHA vs Conventional
• With or without assistance
• Payment impact scenarios

Before a lender structures it for you.

Don’t Over-Save. Don’t Under-Prepare.

Before you delay your home purchase to save another $20,000…

Download LoanBot™ and explore what’s actually required for your situation.

You might be closer than you think.