Many loan programs allow much lower down payments—and some require none at all. While 20% can help you avoid mortgage insurance, it is not a requirement to buy a home.  

First-time buyers often qualify for programs designed to make homeownership more accessible. Between low down payment options and assistance programs, buying may be closer than you think.

Having debt doesn’t automatically disqualify you. What matters is how your monthly payments compare to your income—not whether you have zero debt.

Not all collections must be paid off to qualify for a mortgage. In many cases, there are multiple ways to move forward depending on balances, loan type, and overall finances.

You don’t have to stay with the same employer for two years. As long as you have a stable work history in the same field, job changes are often acceptable.

These types of income can count if they’ve been earned consistently. With proper documentation, variable income can absolutely be used to qualify.

FHA loans are available to both first-time and repeat buyers. They’re simply a loan option designed to offer flexibility with credit and down payment—not a first-time buyer program.

VA loans are streamlined and highly competitive when handled correctly. They often close just as smoothly as other loan types and offer excellent benefits to eligible borrowers.

USDA loans are designed for eligible rural and suburban areas—not farmland. Many buyers are surprised to learn their location qualifies.

Talking to a lender early gives you clarity, confidence, and a strong position when you’re ready to make an offer. Pre-approval helps you shop smarter and faster.

Closing costs are often negotiable. Depending on the situation, sellers, lender credits, or pricing adjustments may help reduce out-of-pocket expenses.

The “best” loan depends on your unique situation. For some buyers, FHA offers lower payments or easier qualification—making it the better choice.