How Much Money Do I Need to Buy a Home

The amount varies based on down payment, loan type, and closing costs. Conventional loans typically require 5–20% down, though programs like FHA, VA, and USDA loans allow for smaller down payments or even zero in some cases.

In my experience, buyers are often surprised to learn how many low-down-payment options exist. Beyond the down payment, plan for 2–4% of the purchase price in closing costs. Having a cushion for inspections and initial maintenance also helps ensure a confident start to homeownership.