Find out what you qualify for without a hard inquiry on your credit.
Buying your first home? You need less than you think.
The 20%-down myth keeps people renting for years. Let's run your real numbers.
NMLS #1828502
FHA needs 3.5% down. Not 20%.
On a $400,000 home that's $14,000 — not $80,000. Many first-time buyers also qualify for down-payment assistance that reduces it further.
FHA Loan
3.5% down. Credit from 580. Most common FTHB loan.
Conventional 3%
3% down. Income limits apply. No upfront mortgage insurance.
VA Loan
0% down. Veterans & active duty. No PMI ever.
FHA 203k
Buy + renovate in one loan. Perfect for fixer-uppers.
✓ Your numbers are on the way.
Alex will text you your payment estimate and which FTHB programs you likely qualify for — within 15 minutes during business hours (8am–8pm ET). No credit pull was run.
Check your first-time-buyer numbers
5 fields. No credit pull. No commitment.
First-time homebuyer facts
FHA allows 3.5% down with a 580+ credit score
Conventional loans go as low as 3% down for first-time buyers
Down-payment assistance programs can cover part or all of your down payment
You can use gift funds from family for your down payment
Seller can cover your closing costs (up to 6% on FHA)
You don't need a 20% down payment. That's the most common myth we hear.