How Much Do I Need for a Down Payment in Texas?

How Much Do I Need for a Down Payment in Texas?

One of the biggest myths I hear as a North Texas realtor is that you need 20% down to buy a house. The truth? That’s not the case at all!

Typical Down Payment Options in Texas

• FHA Loan – As low as 3.5% down

• VA Loan – 0% down (for eligible veterans & military)

• Conventional Loan – Options start as low as 3% down

• Jumbo or Luxury Homes – Often 10–20% down, depending on the lender

What About Closing Costs?

In addition to your down payment, you’ll want to plan for closing costs (usually 2–4% of the purchase price). Sometimes, sellers or builders offer credits to cover part of these.

👉 Good news: There are lots of programs out there—and Kris (my lending partner & husband!) is always up-to-date on creative solutions to help buyers get into homes with less cash up front.