Thinking about buying your first home in 2026? Don’t let outdated “advice” stall your search. The market has changed, and so have the rules.

Here is the truth behind the 3 biggest myths holding first-time buyers back:

🏠 Myth #1: “You need 20% down to even start.”

Reality: While 20% is great for avoiding Private Mortgage Insurance (PMI), it’s far from a requirement. In 2026, the median down payment for first-time buyers is closer to 8–10%.+1

• FHA Loans: Allow for as little as 3.5% down.
• Conventional Programs: Some offer options as low as 3%.
• VA/USDA Loans: If you qualify, you could potentially get in with 0% down.

💳 Myth #2: “You need a perfect 800 credit score.”

Reality: You don’t need a “perfect” score to get a “yes.” While higher scores net you better interest rates, many loan programs are designed for real-life credit. FHA loans, for example, often accept scores in the 580–620 range. The key in today’s market is consistency—avoiding big new debts (like a new car) right before you apply is more important than having a flawless history.

📉 Myth #3: “Wait for interest rates to bottom out.”

Reality: Timing the market is a losing game. Many buyers waiting for “2021 rates” end up losing more in equity growthand rising home prices than they would have saved on a slightly lower rate. In 2026, experts suggest that if the math works for your budget now, buying allows you to start building equity today—and you can always look into refinancing if rates drop significantly later.+1

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Pro Tip: In 2026, a Full Pre-Approval is your best friend. It’s more than a “pre-qualification”—it shows sellers you’ve already had your income and assets verified, making your offer much stronger in a competitive market.

Ready to stop renting? Your first step isn’t saving $100k; it’s talking to a professional to see what your actual numbers look like. 🗝️✨

📱 Text ‘FTHB’ at ‘614-569-3539’ to get more details and in touch with our agents.