08/24/2026
Think you need 20% down to buy a home? Think again.
One of the biggest misconceptions I hear from buyers is: “I’m not ready to buy because I don’t have 20% saved.”
The reality? 20% down is not a requirement for every buyer. There are loan programs that may allow for significantly less down, and depending on your situation, there may also be grants or assistance programs available.
So instead of asking, “Do I have 20%?” start by asking:
💰 What monthly payment can I comfortably afford?
Look beyond the mortgage and budget for property taxes, homeowners insurance, HOA fees (if applicable), utilities and maintenance.
💳 How does my debt and credit affect my buying power?
Your income, existing debts and credit profile all play a role in determining what you may qualify for.
🏦 What financing options actually fit me?
A lender can help you understand different loan programs, down payment requirements and estimated closing costs.
💵 What cash do I really need to bring to closing?
Your down payment isn’t the only upfront expense. You’ll also want to plan for closing costs, inspections, appraisal and a healthy emergency/maintenance fund.
📍 And don’t forget the local market.
What you can afford—and what your money can buy—can vary significantly from one Milwaukee-area neighborhood to the next.
Homeownership may be closer than you think. The first step isn’t finding the perfect house. It’s understanding your numbers.
If you’re wondering whether buying is realistic for you, let’s start with a conversation. I can help you map out your budget, connect you with the right lending resources and create a realistic game plan to get you from “maybe someday” to “I’m ready.”
You don’t need to have it all figured out before you call me. That’s what I’m here for.
