Hi Sue,

Absolutely you can purchase with less than 20% down.

Depending on your circumstances, you can purchase a home with $0 down & go from there, provided the home you are purchasing is for your primary residence.

You have USDA and , VA loans with $0 down;

There are FHA loans starting with only $100 down for HUD homes that had an FHA loan, but have been foreclosed upon;

There are also FHA loans with only 3.5% down for any home you'd like to buy provided you stay within the $346,250 loan limit for a single family home here in AZ;

And then you have Conventional loan programs allowing you to choose from 5% down.

Add to this various other state programs, one of which will grant you a 0% interest loan (with no payments!) for 22% of the purchase price and this loan is forgiven if you stay in the home for 5, 10 or 15 years, depending upon the amount of the "silent second," provided the home you are buying is a vacant foreclosure, and you will see that there are many great opportunities to buy a home, today.

Feel free to contact me directly if you have any questions I might be able to answer for you.

All the best,
Ros

Roswell Moore, CMPS
Certified Mortgage Planner
(480) 422-5095 Direct
(623) 565-9488 Text