One of the more common mistakes people make when considering buying a home is thinking they need to make a down payment of 20%. That is not what is happening. As shown by a 2020 study from the National Association of Realtors, "the median downpayment was 12% for all buyers, 6% for first-time buyers, and 16% for repeat buyers..." On top of not needing to put 20% down, Texas offers over 100 programs to help with down payment and closing costs. The bottom line is, a down payment shouldn’t keep you from owning a home. Use the page below to see if you, or the home you'd like to purchase, qualify for down payment assistance. Let me know if you have any questions or would like to get in touch with a lender.