Mortgage Myth #12: “Only the Wealthy Can Buy in 2025”
Michael Creed • September 29, 2025
You Don’t Need to Be Wealthy to Buy in 2025 — You Just Need a Plan
Why This Myth Is So Dangerous
“Only rich people can afford homes now.”
This myth is everywhere in 2025 — and it’s flat-out false. It keeps renters stuck on the sidelines while others are building equity with smart strategies.
The Reality: It’s About Strategy, Not Wealth
...and the strategy builds wealth. You see, we help buyers qualify every week using:
- VA Loans: 0% down, no MI
- USDA Loans: 0% down in eligible areas
- FHA Loans: 3.5% down
- Conventional Loans: 3–5% down
- Down Payment Assistance (DPA) like WHEDA, Chenoa Fund, Luminate Path, and more.
- Non-QM programs for self-employed and credit-challenged
- Co-borrower strategies (no gift required)
What “Affordability” Really Means
You don’t need a six-figure income. You need:
- Smart loan structure
- Low down payment options
- Fixed payments (instead of rising rents)
- A path to equity + appreciation over time
Example: A $2,600 mortgage on a $325,000 home builds equity and ownership. A $2,200 rent builds your landlord’s wealth — not yours. (See Myth #8 for that full breakdown.)
Who’s Closer Than They Think?
- People with consistent income (W2 or 1099)
- First-time buyers with modest savings
- Parents helping adult children qualify
- Anyone leveraging DPA
- Anyone willing to look at real numbers over headlines
So What's Next?
→
Contact me to set up a free customized Affordability Plan
→ Or download our First Time Home Buyer Guide
Think you need 20% down to buy and renovate? Learn how FHA, VA, and Conventional loans let you renovate with as little as 0–5% down.
We’re Not in a Full Buyer’s Market — But Here’s How Smart Buyers Are Winning Anyway
Yes, You Can Build a Home for Under $450K — Here’s How Our Clients Are Doing It for Under $325K
Is Rent Really Cheaper Than a Mortgage? Let’s Talk Numbers and Net Worth.
Can You Lock a Mortgage Rate on a New Construction Home Before It’s Built? Absolutely.
ITIN Borrowers Can Buy a Home With Just 10% Down — Here’s How
Yes, You Can Build a Home — Even If You Don’t Own the Land (Yet)
Tax Returns Don’t Define You — Especially Not in Mortgage Lending
The Truth About One-Time Close Loans: You Don’t Need Two Closings to Build a Home
Fact: You can often buy a home with zero money down.
