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Buying a home is a big step, and misinformation can make it feel impossible. Let’s clear the air on a few myths keeping Houstonians from owning.
Reality: Many loan programs allow down payments as low as 3 % or even zero for veterans and USDA-eligible buyers. Local programs like Harris County’s Down Payment Assistance can help with closing costs. So don’t let the 20 % myth stop you from exploring your options.
Reality: Yes, better credit gets you better rates. But you don’t need an 800 score to buy. In fact, alternative financing programs—like third-party owner financing—allow buyers with non-traditional income or credit challenges to compete in today’s market. With Houston’s abundant inventory, these programs are more valuable than ever.
Reality: Renting can be convenient short-term, but every rent check builds your landlord’s equity, not yours. With prices dipping and mortgage rates at a ten-month low, owning can be more affordable than you think. A recent drop in rates saved buyers about $66 per month.
Reality: Trying to time the market rarely works. Houston’s market is balancing, not collapsing. Prices may fluctuate, but long-term appreciation and equity growth are still the norm. Buying when you’re ready and can afford it is better than waiting for a “perfect” moment that may never come.
By following these simple tips, you'll feel more confident about buying your first home.
Want to get started on your home-buying or selling journey? Text HOME to 832-639-4884 or click HERE to begin!
Down payment & credit myths – Guidance on low down-payment programs and alternative financing for credit-challenged buyers.
Mortgage rates & affordability – Report showing mortgage rates at a ten-month low and resulting affordability improvements.
Houston inventory & market conditions – Data on active listings and pricing to underscore why buyers shouldn’t wait for a crash.
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