Saving for a home can feel overwhelming, especially when you think you need 20% down. Many buyers qualify for financing with a much smaller down payment. Barren Hill Mortgage helps Pennsylvania buyers understand what they actually need to get started.

Options Worth Comparing

Depending on your eligibility, options may include:

• Conventional financing with as little as 3% down.

• FHA financing with as little as 3.5% down.

• VA financing with no down payment for eligible borrowers.

• USDA financing with no down payment for eligible buyers and properties.

• Down payment assistance through qualifying state or local programs.

Program rules vary. Some options have income limits, location restrictions, mortgage insurance, or funding fees. Assistance may have repayment requirements.

Down Payment Is Only Part of the Picture

Your cash needed at closing can also include closing costs, prepaid expenses, and escrow deposits. Eligible gift funds or negotiated seller assistance may help with certain costs.

Get a Clear Starting Point

We’ll help you estimate your payment and cash needed to buy before you begin shopping.