One of the most common misconceptions about buying a home is that you need to put down 20%. While that might have been the norm in the past, it’s no longer a hard-and-fast rule. Today, there are plenty of loan options available that offer low—and even zero—down payment programs. And no, these are NOT limited to first-time buyers.

Combine that with the fact that homes are sitting on the market longer than usual, and it’s clear: now is a great time to buy!

🏡 Real Client Success: From Stuck to Homeowner

Recently, a former client contacted me for help with her daughter, who was excited to purchase her first home. Although she had been pre-approved by several lenders, each required a down payment that was far beyond her reach. None of them truly understood her situation or offered a solution that would help her achieve her ultimate goal—becoming a homeowner.

When we connected, we had a thoughtful conversation about her financial situation. She had a solid job, good credit, and steady income—but like many buyers today, limited savings.

I guided her through a down payment assistance program that provided 5% of the loan amount—in her case, $10,050. That was enough to cover the minimum down payment and even left a little extra to go toward closing costs.

Still, there was a gap. So, I worked closely with her and her real estate agent to negotiate seller concessions. Once she found a home she loved, I crunched the numbers and outlined what we’d need from the seller to make it work.

The outcome~ The seller agreed to cover the title policy and contribute $7,000 toward her closing costs. When everything was finalized and closed, she only had to invest $794 to purchase her new home—less than the typical deposit to rent an apartment.

📈 Why Buy Now?

If you’re considering buying a home, this is a smart window of opportunity. With more inventory sitting longer, buyers have more leverage than we’ve seen in years.

Worried about interest rates? Don’t be. Most buyers refinance within the first 2–3 years. Rates are temporary—what matters most is whether you can afford the monthly payment and take advantage of today’s negotiable market conditions.

Buying in a slower market often means:

• Less competition
• More negotiating power
• Better deals

In the end, this first-time buyer walked away with the keys to her new home—and a solid start to her homeownership journey.

Thinking about buying or getting pre-approved?
I’d love to help you understand your options, talk through your goals, and put together a plan that works for you.

Jesse Young- Neighborhood Loans - 817-939-1467 direct