first time homebuyer myths

First-time homebuyer myths debunked

First-time homebuyer myths debunked

There are a lot of mortgage misconceptions out there. And we want to make sure you’re as prepared as possible; so we put together a series of Mortgage Minutes to help you get educated. Read on to find out the truth about some of the biggest first-time homebuyer myths.


First-time homebuyer myth #1:
You need a 20% down payment.

Response: False.

Sometimes it’s true and providing a 20% down payment does have its benefits.

Continue reading First-time homebuyer myths debunked at Movement Mortgage Blog.

About the authors

Looking to change the home buying process for the better, the Humes Team is here for all of your mortgage needs. No loan is too big or too small. We believe one should treat others as expected to be treated. We pride ourselves in honesty paired with communication to deliver A1 service with great results.

Meet the team

About Movement Mortgage

Movement has grown from a small team of 4 to over 4,000 employees with more than 500 locations across 46 states. Inc. Magazine recognized Movement Mortgage as the fastest-growing mortgage bank in the country.

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