Mortgage Myth #12: “Only the Wealthy Can Buy in 2025”

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