The Truth About Home Buying: You Might Already Have What It Takes

Stop letting down payment myths hold you back from homeownership.

It's amazing how many people dream of purchasing a home but believe financing is an insurmountable hurdle. Here's the truth: while financing is a challenge for most buyers, you probably have more resources available than you realize. The key is knowing where to look, and who to trust for guidance.

Why Professional Advice Matters More Than Ever

Would you diagnose a medical condition based solely on TikTok or Instagram? Most people wouldn't, they'd ultimately end up at their doctor's office for professional care. So why trust social media "influencers" (who may have never purchased a home themselves) when making one of life's biggest financial decisions?

Working with qualified real estate and lending professionals who understand your unique situation can reveal opportunities you didn't know existed. They're in the business of helping you succeed, not chasing likes and shares.

The 20% Down Payment Myth—Busted

One of the most damaging misconceptions in real estate is that you need a 20% down payment to buy a home. At a California Association of REALTORS® conference in October 2024, their economist shared eye-opening survey data that illustrates just how widespread this myth has become.

When asked "How much down payment do you think is required to purchase a home?" here's what 1,005 respondents believed:

• 2% said 0-10% down
• 28% said 11-20% down
• 30% said 21-50% down
• 20% said over 50% down

The median response was 25%, far higher than what's actually required. Even more striking: 63% of those surveyed said they would start looking for a home if they knew they could qualify with a much lower down payment.

The Reality: Homeownership Is More Accessible Than You Think

Here's what most people don't know: many qualified buyers can purchase a home with as little as 3% down. Various loan programs, including FHA, conventional, VA, and USDA loans, offer low down payment options for eligible buyers.

If you knew you only needed 3% down instead of 20%, would that change how you view homeownership?

For many buyers, that's the difference between waiting years to save versus starting the home search today.

Your Next Step Toward Homeownership

Don't let outdated information or social media misinformation keep you from achieving your homeownership goals. The money you need might already be within reach—you just need the right guidance to access it.

Ready to discover your real home buying power? Let's have a conversation about your specific situation, explore available loan programs, and create a personalized path to homeownership. Contact me today for a no-obligation consultation, and let's turn your homeownership dreams into reality.

Looking to buy a home in [Your Area]? As a trusted real estate professional, I'm here to provide expert guidance and connect you with top lending professionals who can help you navigate your financing options. Reach out today—your future home might be closer than you think.

Schedule Your Free Consultation | Kama Burton | [Call: 951.575.9750]