Mortgage Myths Busted! You DON’T Need 20% Down!

Think You Need 20% Down to Buy a Home? Think Again!

Many people believe they need a huge down payment to buy a home, but that’s simply not true! Here are the real facts:

Common Mortgage Myths

1. You Need 20% Down – FALSE! Programs like FHA and VA loans allow for low or no down payments.

2. Your Credit Has to Be Perfect – Nope! Many lenders work with credit scores as low as 580.

3. Renting is Always Cheaper – Not when you consider rising rent prices and home equity growth.

What Are Your Options?

• FHA Loans: 3.5% down

• VA Loans: 0% down (for veterans)

• Down Payment Assistance (DPA) Programs: Help cover costs for first-time buyers

Still have questions? Contact Florida Homes & Loans today to explore your options!