"You Don't Need 20% Down (Big Myth)"

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FIRST-TIME BUYERS — Let’s clear up a major myth in California.

One of the biggest misconceptions I hear from first-time buyers in the Central Valley is:
 “I need 20% down before I can even think about buying.”

The truth is, many qualified buyers purchase with much less down, depending on the loan program and their overall profile.

Here are a few common options first-time buyers may qualify for:
 FHA loans (as little as 3.5% down)
 VA loans for eligible veterans (often 0% down)
 USDA loans for eligible rural/suburban areas (often 0% down)
 Conventional programs like HomeReady® or Home Possible® (as little as 3% down, income limits apply)
 Rocket One+: 1% down + 2% grant from Rocket (income-driven program, max loan amount $350,000)
 Down payment assistance programs (may help with down payment and/or closing costs)

And in many Central Valley transactions, seller credits can sometimes help reduce out-of-pocket costs too.

If you’re thinking about buying your first home in Fresno, Clovis, Madera, Visalia, Bakersfield, Modesto, Merced, or anywhere in California, I’m always happy to help you understand your options — no pressure, just clarity.

For more detailed information Click Here

Rob Clark
Mortgage Loan Officer | Firestone Financial Group
 209-227-7745 |  559-476-9279
 rbrtclark53@gmail.com
 https://www.robertclarkloans.com
NMLS #357788 | California DRE #01148307