Do You Really Need 20% Down to Avoid Mortgage Insurance?

One of the most common myths we hear from first-time homebuyers is the belief that you must put 20% down to avoid paying mortgage insurance (MI). And while that’s often true with some loan types, it’s not always the case.

Here’s the truth:
There are loan programs available that waive mortgage insurance altogether or offer more affordable alternatives, even when you’re putting down less than 20%. That means you might not need to wait until you’ve saved a large down payment to start your journey toward homeownership!

What This Means for You

Lower Monthly Payments – Some programs offer options that reduce or eliminate mortgage insurance, helping you save money every month.
Smaller Down Payment Options – You could buy with as little as 3%, 5%, or another manageable amount—without being stuck paying expensive mortgage insurance premiums.
More Opportunities – If you’ve been holding off on buying a home because you thought you needed a 20% down payment to avoid MI, it might be time to explore your real options!

We Can Help You Explore What’s Possible

If you’re curious about how these programs work, we’re here to help. During a quick consultation, we can walk you through different loan options, explain how mortgage insurance fits in, and show you how many of our first-time buyers are finding success without a huge down payment.

Next Steps

Schedule a free consultation through the link in bio
Connect with us and let’s talk about your homebuying goals
Take the first step toward homeownership without the myths holding you back

You might be closer to your first home than you think!