If you’ve been scrolling through Seattle real estate listings or eyeing a house for sale in Seattle, chances are you’ve heard the same old advice—save for years, scrape together a massive lump sum, and only then will you be ready to buy. But here’s the thing: that’s not the whole story. In fact, believing these myths about down payments could keep you from owning a home much sooner than you think. The reality is far more encouraging—and might change the way you approach your home search.

Myth 1: “I need to come up with a big down payment.”

Many buyers assume they need 20% down to purchase a home, but the truth is, the average down payment is much lower. There are mortgage options that require as little as 3% down, making homeownership far more accessible than most people realize.

Myth 2: “It’ll take forever to save up for a down payment.”

With lower down payment options and various assistance programs available, saving for a home can happen faster than you think. In some cases, you may already have enough saved to get started.

Myth 3: “I have to do it all on my own.”

You’re not alone in the process. Many buyers use gift funds from family or benefit from local and national down payment assistance programs. Working with a trusted real estate professional can also help you uncover resources you didn’t know existed.

Bottom Line:

Don’t let outdated myths keep you on the sidelines. Today’s lending options, assistance programs, and lower average down payments mean that owning a home in Seattle could be closer than you think. The sooner you start exploring your options, the sooner you can open the door to your own place.