IT'S MORE 
THAN A LOAN.

The short answer: No, you do not need a 20% down payment to get into a house. Many loan programs have a down payment minimum under 10% or don’t have a minimum at all. Below are the minimum down payment requirements for commonly used loan programs, assuming the borrower meets eligibility and underwriting guidelines. Conventional loans (standard): 5% Conventional loans for first-time buyers: 3 % FHA minimum: 3.5% USDA minimum: 0% (for eligible rural areas and income-qualified b

Many realtors and real estate agents will not take clients shopping with out being pre-qualified or pre-approved.

Higher credit scores generally indicate a lower risk, which does help in qualifying for a mortgage.