Is 20% still the norm for a down payment on a house?

Feb 4, 2021

How much is needed for a downpayment and is 20 percent still the norm or is is common to put down less and what are the differences?

Arbor Move has released a potentially controversial article “Do I Really Need a 20% Down Payment to Buy a Home?”, bringing some cause for concern, as the article may upset folks that are saving up to purchase their new home.

The 3 minute article examines the high points and low points of Downpayments when purchasing a home, in the pursuit of providing insight to those who think they may not have enough money saved for new home buyers. In down payment manner though, a certain element of the article is set to spark discontent amongst home buyers.

Below is a portion of the piece, which neatly exemplifies the controversial element:

Don’t let down payment myths keep you from hitting your homeownership goals. If you’re hoping to buy a home this year, let’s connect to review your options.

A spokesperson for Arbor Move, Middy Matthews | The Arbor Move Real Estate Team, says “Of course Arbor Move never sets out to intentionally upset anybody. The aim of our articles is first and foremost to to educate new home buyers. It is critical, however, that we stay dedicated to our true voice.

Although our “Do I Really Need a 20% Down Payment to Buy a Home?” might unsettle folks that are saving up to purchase their new home, our duty is to our readers. We believe it’s more important to being knowledgeable about the process and needs, than to please everyone. Which is notoriously difficult to do.”

Although there has been no backlash as of yet, the possibility exists as the article upset the myth that 20% down is still a requirement.

Arbor Move has been a provider of in depth articles in the Home Owners and Home Buyers market for over 7 years, and is a trusted resource in the Ann Arbor community and surrounding areas.

Arbor Move has stated the future aims for the website are to educate and help people find houses. So Arbor Move hopes any controversy will pass quickly and re-emphasizes no offence is or was intended.

Arbor Move’s complete article can be found at

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