Just as borrowers are often concerned about their credit scores standing in the way of purchasing a home, they also may worry that they cannot afford the down payment on a home. Customers often ask us if they can still buy a home if they cannot afford a 20% down payment. The answer to that question is “yes.” Conventional loans are available to borrowers with competitive qualifications with down payments as low as 3%. FHA loans feature flexible qualification requirements and down payments as low as 3.5%. If you qualify for a VA mortgage, you could buy a home with zero down. There are also down payment assistance programs you can apply for if you are having a hard time funding the down payment for a home. We can tell you more about these programs during your consult.