01
The 20% Myth
You may not need 20% down to purchase a home.
- Explore low-down-payment programs.
- Compare available mortgage options.
- Understand your upfront costs.
The Truth in Lending
What Your Guru Didn't Tell You
Discover the truth about the 20% down payment myth, FHA loans, and potential home financing options in Texas.
Presented by Maurice Federbusch
Know the facts
The Truth in Lending
What Your Guru Didn't Tell You
A smarter way to understand mortgages
The 20% Down Payment Myth
Learn about mortgage basics, qualification requirements, and financing options that may help you buy a home.
02
The Truth: FHA Loans
Eligible borrowers may qualify for an FHA loan with a down payment as low as 3.5%.
- Home price example: $100,000
- 3.5% down payment: $3,500
- Illustrative base loan: $96,500
- 30-year fixed-rate options may be available.
03
Loan Requirements
Lenders review your finances and eligibility before approving a mortgage.
- Employment and income documentation.
- Credit score and credit history.
- Debt-to-income ratio.
- Applicable mortgage insurance.
04
The Zero-Down Option
Some programs may offer qualifying buyers zero-down financing or assistance.
- Check current program eligibility.
- Review second-loan terms, if applicable.
- Compare fees and monthly payments.
- Confirm the details with your lender.
05
How It Works
Understand how the primary mortgage and any additional financing fit together.
- Review the base loan amount.
- Understand any secondary loan.
- Check payment and payoff terms.
- Compare the total borrowing cost.
Illustrative home price
$100,000
→
3.5% down payment
$3,500
→
Illustrative FHA base loan
$96,500
Illustrative example only. Actual eligibility, interest rates, closing costs, mortgage insurance, and monthly payments vary.
Your next chapter starts here
Ready to Bust the 20% Down Myth?
Explore home financing options for your Texas home. Speak with Maurice Federbusch to understand which mortgage programs may suit your circumstances.
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Mortgage programs are subject to eligibility, underwriting,
lender approval, and applicable terms. Zero-down financing is
not available to every borrower. FHA loans generally require
a down payment and may require mortgage insurance.
This information is educational and is not a commitment to lend.
Contact your lender for current program details.