: For those buying their first home, the median is even lower, typically between 6% and 10% .
The idea that you need a to buy a home is one of the most persistent myths in real estate. While putting 20% down has clear financial benefits, it is not a requirement for the majority of modern mortgage programs. The Reality of Down Payments in 2026
: The median down payment for all buyers is roughly 13-15% .
: Depending on the loan type, you can often secure a home with as little as 3% to 3.5% down , or even 0% for qualified individuals. Loan Options with Low Down Payments
If you don't have 20% saved, several programs allow for much lower entry points: Minimum Down Payment Key Requirement 0% Military service members and veterans USDA Loan 0% Homes in qualifying rural or suburban areas Conventional Loan 3% Often for first-time buyers with good credit FHA Loan 3.5% Minimum credit score of 580 The 20% "Gold Standard": Pros and Cons How Much Should You Put Down on a House? | 2026
