How Much Money Do You Really Need to Buy a House?

Discover how much money you really need to buy a home. From 0% down options to traditional down payments, Dr. Jacob Wiley breaks it all down for you!

Buying a house might seem intimidating, but today, it’s more accessible than ever. When planning to buy property — whether it's a house or land — it's crucial to know how much money you’ll need upfront.

Cash can come from a variety of sources: personal savings, retirement accounts, or even gifts from family members. And thanks to new loan programs, you don’t always need a massive down payment.

For a primary home purchase using an FHA loan, you might qualify for down payments as low as 0%. In other cases, especially for investment or secondary properties, you might need to put down 25%-30%.

However, for most buyers — especially first-timers — the typical down payment requirement falls between 3.5% to 5%. Compared to the past (like the 80s and 90s when 20% was the standard), buying property today requires significantly less cash upfront.

If you're ready to explore your homeownership options, Dr. Jacob Wiley, The Real Estate Doctor, is here to guide you every step of the way.

📲 Call or Text: (956) 478-0700

🌐 Visit: www.drjacobwiley.com

Your journey to homeownership starts today!