Can You Buy a House With 3% Down?

Yes. Several conventional loan programs allow qualified buyers to put down as little as 3 percent, making homeownership more accessible than many people expect.

How 3% Down Loans Work

These conventional programs are designed for buyers with solid credit who don't have a large down payment saved. You'll typically pay private mortgage insurance until you reach enough equity.

Who Qualifies?

Qualification depends on your credit, income, and debt levels. Some programs are geared toward first-time buyers or those under certain income limits.

Weigh the Trade-Offs

A lower down payment means a higher loan balance and mortgage insurance, but it also lets you buy sooner and keep cash in reserve.

See If You Qualify

As your REALTOR, I can connect you with lenders who offer low-down-payment options. Reach out and we'll find out what you qualify for.