06/03/2026
🏡 Buyer Tip: You do not need 20% down to buy a home in NC.
This is one of the biggest myths that keeps buyers waiting longer than they need to.
A lot of people think they need a huge savings account before they can even start the conversation. The truth is, many buyers use loan options that require much less than 20% down.
Here are a few options buyers may be using right now:
🏦 FHA Loan
As low as 3.5% down, with more flexible credit requirements.
🏦 Conventional Loan
As low as 3% down for qualified first-time buyers.
🏦 USDA Loan
0% down for eligible rural areas. Many parts of Johnston and Cumberland County may qualify.
🏦 VA Loan
0% down for eligible veterans and active-duty service members.
There are also down payment assistance programs through the NC Housing Finance Agency for qualified buyers. These programs may help with your down payment or closing costs.
And if you are looking at new construction, many builders are offering incentives right now that may help cover closing costs. That can mean thousands of dollars you may not have to bring to the table.
The bottom line: you might be closer to ready than you think.
A quick conversation with a lender can help you understand your options, your numbers, and what steps to take next.
📞 919-651-HOME
🌐 aprilstephens.com
DM us and we’ll connect you with a lender who knows the programs.
