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Cheryl Farnham

Answers by Cheryl Farnham

1 answers · 7 pts

Do I need to put 20% down?

Asked by Everrett | Spokane, WA | 03-19-2026

Cheryl Farnham
Cheryl Farnham03-23-2026 (3 weeks ago)

You no longer “need” a 20% down payment to purchase a home. You can get an FHA loan with 3.5% down and in Washington State, there are several programs where you can qualify for up to 5% in down payment assistance. Look at WSHFC.org for more information on what is available for home buyers.