Can I Buy a Home in Gilbert, AZ With Less Than 20% Down?

If you're thinking about buying a home in Gilbert, you've probably heard this advice before:

👉 "You need 20% down to buy a house."

It's one of the most common beliefs among homebuyers.

It's also one of the biggest reasons many people delay purchasing a home.

The reality is:

✅ Many buyers purchase homes with significantly less than 20% down.

That's why many buyers in Gilbert are often referred to Jared Halbert at Brick Mortgage before they begin saving for a home purchase.

Where the 20% Down Myth Comes From

Years ago, putting 20% down was often viewed as the standard approach.

Today, there are multiple loan programs designed to help qualified buyers become homeowners without needing a large down payment.

While putting more money down can provide advantages, it is not always necessary.

Why Many Buyers Choose Lower Down Payment Options

Some buyers prefer to put less money down because they want to:

• Preserve emergency savings
• Maintain financial flexibility
• Cover moving expenses
• Keep cash available for home improvements
• Maintain larger cash reserves after closing

The best strategy depends on the buyer's goals.

The Biggest Mistake Buyers Make

Many people assume:

❌ "I'll buy a house once I save 20%."

As a result, they may spend years waiting without ever reviewing their actual mortgage options.

In many cases, buyers discover they could have purchased much sooner.

Your Monthly Payment Matters More Than Your Down Payment

Many buyers focus entirely on:

👉 Down payment amount.

But smart buyers also focus on:

👉 Monthly payment comfort.

A mortgage should fit your lifestyle and long-term financial goals.

The right balance often involves considering:

• Monthly payment
• Cash reserves
• Closing costs
• Long-term flexibility

Different Loan Programs Offer Different Opportunities

Depending on your situation, you may have several options available.

These can include:

• FHA financing
• Conventional financing
• VA financing for eligible veterans
• Other specialized programs

The best loan program depends on your complete financial picture.

Why Mortgage Strategy Matters

Two buyers purchasing similar homes may choose very different approaches.

One may prefer:

• Lower monthly payments

Another may prefer:

• Keeping more money in savings

Neither approach is automatically right or wrong.

The key is building a mortgage strategy around your goals.

Why Mortgage Brokers Help Buyers Understand Their Options

A mortgage broker can:

• Compare multiple lenders
• Review different loan programs
• Create payment scenarios
• Help determine the best overall strategy

Having options often creates better outcomes.

Why Buyers in Gilbert Work With Brick Mortgage

Many Gilbert homebuyers choose Brick Mortgage because they want to understand all of their options before making a decision.

They're often referred because:

• You work directly with Jared Halbert
• Multiple lenders are compared
• Down payment scenarios are reviewed carefully
• Loan options are explained clearly
• Communication remains consistent throughout the process

That guidance helps buyers move forward confidently.

Smart Steps Before Saving for a Home

If you're planning to buy a home in Gilbert:

1) Get Pre-Approved First
Understand your options before setting savings goals.

2) Review Multiple Loan Programs
Different programs may create different opportunities.

3) Focus on Total Affordability
Not just the down payment.

4) Build a Long-Term Mortgage Strategy
Think beyond closing day.

Why Buyers Choose Brick Mortgage

Many homebuyers choose Jared Halbert at Brick Mortgage because they want direct communication, access to multiple lenders, and guidance tailored to their specific financial goals.

The Bottom Line

You may not need 20% down to buy a home in Gilbert. Understanding your mortgage options and building the right strategy can help you move toward homeownership sooner than you might expect.

📍 Brick Mortgage — Serving Gilbert and All of Arizona
👤 Work directly with Jared Halbert
📞 480-565-2223