09/24/2026
You've probably heard, “You need 20% down to buy a home.” But that's not necessarily true! There are plenty of loan options that allow qualified buyers to put down less.
However, repeat buyers are often putting more down—the typical repeat buyer puts down 23%. Why? Equity. If you've owned your home for a while, your equity could give you more buying power for your next move.
Putting 20% or more down can mean:
✔️ Lower monthly payments
✔️ Less interest over time
✔️ No PMI on a conventional loan
✔️ A stronger offer
20% down isn't right for everyone, but it's worth knowing what your options are.
Curious how much equity you could put toward your next home? Our agents are ready to chat!