🏠 Think You Can’t Afford to Buy? Let’s Bust That Myth
By Phil Slezak, Raleigh Real Estate Agent & Local Market Guide
Let’s set the record straight: you do NOT need 20% down to become a homeowner. I can’t tell you how many future homeowners I meet who are delaying their dreams because they think they need to save tens of thousands of dollars before they can even start looking. That myth is holding people back—and it stops here.
If you’ve been wondering whether buying a home in Raleigh is possible right now, I’m here to tell you: It absolutely is.
Here’s how real buyers in Raleigh are getting into homes today—with less upfront cash than you might think.
💡 Top Options for Buying with Less Than 20% Down
1. FHA Loans – As Low As 3.5% Down
Backed by the Federal Housing Administration, FHA loans are popular for first-time buyers and those with moderate credit.
These loans open doors (literally) with flexible qualifications.
2. Conventional Loans with 3–5% Down
Many lenders now offer conventional loan programs with just 3% down, especially for first-time homebuyers.
You’ll still have competitive interest rates and more home options.
3. VA Loans – 0% Down for Veterans
If you're a veteran, active duty, or eligible military family member, VA loans require no down payment and no PMI.
One of the strongest tools in the market for qualified buyers.
4. USDA Loans – 0% Down for Rural-Eligible Areas
Many areas outside central Raleigh may qualify for USDA financing, including places like Fuquay-Varina, Rolesville, and parts of Wake Forest.
Great for buyers seeking affordability with room to grow.
5. Local & State Down Payment Assistance Programs
North Carolina offers programs like NC Home Advantage that provide down payment help for qualified buyers.
Combine this with lender programs to reduce your upfront cost significantly.
🔍 Real Raleigh Buyers Are Using These Strategies Today
Whether you’re a young professional relocating to RTP, a growing family moving up, or someone looking to stop renting and start investing, there are smart pathways to homeownership available right now.
As your local expert, I work with trusted lenders and loan officers who specialize in crafting custom financing plans—ones that work with your budget and your goals.
🎯 Why Waiting May Cost You More
Waiting for a mythical “perfect time” to buy could actually cost you more in the long run. Here’s why:
Rising home prices mean higher future down payments.
Interest rates may shift, affecting your monthly payment.
You miss out on equity building and tax benefits of homeownership.
You don’t have to buy your forever home today—but you can stop throwing money away on rent.
How Phil Slezak Real Estate Can Help You
At Phil Slezak Real Estate, brokered by LPT Realty, we do more than just help you find a home—we make sure your entire moving process is stress-free and seamless. Whether you’re buying, selling, investing, or relocating, we have the resources, expertise, and connections to guide you every step of the way.
Why Work With Us?
✔ Exclusive Off-Market Listings – Get access to homes before they hit the market.
✔ Zero-Commission Selling Options – Save thousands when selling your home.
✔ Relocation Assistance – We connect you with the best movers in Raleigh for a smooth transition.
✔ Buyer Home Guarantee – If your home isn’t perfect, we’ll sell it for zero listing commission.
✔ Sold Zero Commission – Maximize your profits with no listing commission when selling your home.
✔ Cash Offers – Get 4 cash offers on your home in minutes
Conclusion:
Buying a home might seem out of reach—but the truth is, it’s closer than you think. You don’t need 20% down, a perfect credit score, or six figures in the bank to start building equity. With the right strategy, lender, and agent by your side, owning a home in Raleigh can become your reality. I’ve helped dozens of clients break free from renting by tapping into smart financing programs and personalized buying plans. Let’s bust that myth for good—and turn your homeownership dream into a real plan.
📲 Want expert advice on your next move?
📞 Call or text me at +19196074844 or connect with me on social media. I help people just like you every week make smart real estate decisions—let’s chat about yours!
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