Published February 13, 2026

Down Payment Myths in 2026: You Probably Don’t Need 20%

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Written by Christy Bulerez

Down Payment Myths in 2026: You Probably Don’t Need 20% header image.

So many great buyers pause because they think they need 20% down. In reality, there are multiple paths (depending on loan type and goals).

Common options buyers use

  • Conventional: often can be as low as 3% for qualified buyers
  • FHA: commonly 3.5% down (with guidelines)
  • VA: often 0% down for eligible buyers

The smarter question isn’t “How little can I put down?”

It’s: “How do I balance my cash between down payment, closing costs, and reserves?”

Sometimes a slightly larger down payment lowers payment enough to feel better monthly. Other times it makes more sense to keep reserves for repairs, furniture, or peace of mind.

If you want, I’ll connect you with a lender who can price out multiple down payment scenarios side-by-side so you can choose the smartest fit.

Categories

Buyers

Tags

Greater Houston real estate, Saving for a home, Mortgage down payment options, Homebuying in Texas, Closing costs planning, VA loan benefits, Conventional loan 3% down, FHA loan 2026, First-time homebuyer, Down payment myths

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