You’ve probably heard it a dozen times: “You need 20% down to buy a home.”
But here's the truth: that’s a myth — and it's keeping way too many people from stepping into homeownership.

The reality? Many buyers today are purchasing homes with as little as 3%, 3.5%, or even 0% down. And in places like South Jersey, there are real programs and loans designed to help you do just that.

💡 Here’s what you need to know:

FHA Loans require just 3.5% down and are ideal for buyers with moderate credit.

VA Loans offer 0% down for eligible veterans and active-duty service members.

USDA Loans also offer 0% down, and many South Jersey areas actually qualify as “rural.”

First-time buyers in NJ can also qualify for up to $15,000 in down payment assistance through NJHMFA and other local county programs.

📊 Example: Instead of saving $60,000 for a $300,000 home, some programs might only require $9,000 — or even nothing at all, depending on your eligibility.

💬 Why this matters:

If saving 20% is holding you back from buying, you’re not alone — but the good news is, you don’t have to wait. Whether it’s your first home or you’re starting over, there are real, accessible paths to homeownership right here in South Jersey.