The 20% Down Payment Myth Is Holding Buyers Back — But It Shouldn’t

Do you think you need 20% down to buy a home? Think again. That outdated belief is stopping too many first-time homebuyers in Tulsa from getting started, but Oklahoma Mortgage Group is here to change that.

According to the National Association of Realtors, the median down payment for first-time homebuyers is only 9%, not 20%. 


Even better? Many buyers may qualify for 0% down loan programs, such as VA and USDA loans, or low down payment options like FHA and conventional 3% programs.

Even more surprising? Nearly 80% of first-time buyers qualify for down payment assistance, but only 13% actually use it. That’s a huge missed opportunity.


These down payment assistance (DPA) programs can offer up to $17,000 toward your purchase. Whether you’re a teacher, firefighter, Veteran, or just starting out, there may be free money waiting to help you buy your first home.

👉 Tulsa buyers: Don’t let myths or lack of info hold you back. You may be closer to homeownership than you think.

Contact Oklahoma Mortgage Group today to see what you qualify for. Call/text Mike at 918-361-1550 or book a phone chat here.



Location: Tulsa, OK, USA

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