Home Buying & Selling Myths Debunked: Clarity in 2025

Myth vs. reality

• Myth: You must have a 20% down payment. Reality: Many conventional loans allow as little as 3% down, and FHA loans can go even lower. Private mortgage insurance may apply, but it doesn’t have to be permanent.

• Myth: Perfect credit is required. Reality: Programs like TL Global’s third-party owner-financing let buyers purchase a home without relying on a credit score or traditional income verification. Even traditional lenders have products for borrowers with credit in the mid-600s.

• Myth: Fall is a bad time to sell. Reality: Serious buyers shop year-round. With inventory still high and interest rates relatively low, listing in the fall can mean less competition and more motivated shoppers.

• Myth: You should accept the first offer. Reality: Evaluate multiple offers, especially if your home is well-priced. Sometimes buyers come back with stronger terms after seeing competition.

• Actionable tips: Whether buying or selling, work with a trusted REALTOR® to navigate financing options, evaluate market data and negotiate confidently. Don’t let outdated assumptions keep you on the sidelines.

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!

Resources

• Myth-busting financing options – Owner-financing program for credit-challenged buyerstlglobalinc.com.

• Low-down-payment loan programs – Overview of conventional and FHA options.

• Seasonal selling strategies – Benefits of listing in autumn.