The 20% Mortgage Down Payment Isn’t Dead Yet

A growing number of buyers are putting down 20% in today's hot market, but most people still make smaller down payments.
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A 20% down payment usually isn't required to finance a home purchase, and most buyers who finance a home put down less.

But the 20% down payment isn't dead yet. In fact, a growing share of buyers are making down payments of at least 20% to compete in today's sizzling market.

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580

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3.5%

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4.5

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620

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3%

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Guaranteed Rate

5.0

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Guaranteed Rate - PURCHASE logo

5.0

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Min. credit score 
620

Min. down payment 
3%

Check Rate

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Mortgage loans from our partners

NBKC - PURCHASE logo
Check Rate

on NBKC

NBKC

5.0

NerdWallet rating 
NBKC - PURCHASE logo

5.0

NerdWallet rating 
Min. credit score 
620

Min. down payment 
0%

Check Rate

on NBKC

Rocket Mortgage - PURCHASE logo
Check Rate

on Rocket Mortgage

Rocket Mortgage

5.0

NerdWallet rating 
Rocket Mortgage - PURCHASE logo

5.0

NerdWallet rating 
Min. credit score 
580

Min. down payment 
3.5%

Check Rate

on Rocket Mortgage

Better - PURCHASE logo
Check Rate

on Better

Better

4.5

NerdWallet rating 
Better - PURCHASE logo

4.5

NerdWallet rating 
Min. credit score 
620

Min. down payment 
3%

Check Rate

on Better