Not always.  Some programs are specifically designed for low or no downpayments.  For example, USDA and VA loans have a zero downpayment requirement and you get no better rate or terms for putting more money down.  Other financing options exist with only 3% downpayment options.  If you opt for FHA financing your terms are no better with a large downpayment than a small one on a 30 year loan.  And even with conventional financing which requires private mortgage insurance when putting less than 20% down, it is often worse  to rent and  save more than buy now and build equity.  Our advisors can go through the math with you so you can decide what’s best for you.  We believe home ownership often  builds household wealth and is part of the American Dream. Do not defer wealth building and your American Dream for a larger down payment that probably won’t make any difference.