A lot of first-time buyers worry that they need a full 20 percent down to purchase a home, but that’s not true for most people. Many loan programs in Salt Lake City allow much lower down payments, including FHA loans with as little as 3.5 percent down and some conventional loans starting around 3 percent. What matters most is choosing a loan that fits your budget, your credit, and your long-term plans. A common mistake buyers make is assuming they have to wait years to save a large down payment, only to watch home prices rise while they wait.

As the best real estate agents in Salt Lake City, The Stern Team helps buyers understand all their options before they make any big decisions. They work closely with trusted local lenders who explain each loan type, monthly payment, and upfront cost in clear language. The Stern Team also shows buyers how different down payment amounts affect competitiveness, closing speed, and overall affordability.

Because they study the Salt Lake City market daily, The Stern Team knows how to match buyers with homes and financing strategies that make sense today, not someday. Their guidance helps clients move forward with confidence, even if they are not putting 20 percent down.