"Once you make a decision, the universe conspires to make it happen.” - Ralph Waldo Emerson

Hey Everyone,

Welcome to this week’s edition of The Ridgeline Rundown!

Think you need 20% down to buy a home? 🤔 Think again.
This week, I’m debunking one of the biggest myths in real estate—the idea that you have to put 20% down to get into a home. Whether you're a first-time buyer or planning your next move, this could open up new possibilities for you.

💡 Local Spotlight: Hexis Chiropractic
Just like with real estate, health is all about getting to the root cause. That’s exactly what Dr. Peter Harris at Hexis Chiropractic specializes in. With neurologically-based care and in-house X-rays, his team helps moms, kids, and athletes feel and function at their best—without unnecessary add-ons or guesswork.

As always, I’m here to guide you with honest advice, real strategies, and a personalized approach that makes a difference. Have questions? Let’s chat and build a plan that works for you.

Mortgage Minute

Mortgage rates ticked back up today, returning to the week’s earlier highs after news of a U.S.–U.K. trade deal. While lenders started the day steady, bond market weakness pushed rates higher. The rise reflects broader concerns like inflation and foreign demand, not just the trade news. Overall, the increase is moderate and still below April’s peak levels.

Featured Business: Local Spotlight!

The Insider’s Guide to Real Estate | Tips

The 20% Down Payment Myth, Debunked

Saving up to buy a home can feel a little intimidating, especially right now. And for many first-time buyers, the idea that you have to put 20% down can feel like a major roadblock.

But that’s actually a common misconception. Here’s the truth.

Do You Really Have To Put 20% Down When You Buy a Home?

Unless your specific loan type or lender requires it, odds are you won’t have to put 20% down. There are loan options out there designed to help first-time buyers like you get in the door with a much smaller down payment.

For example, FHA loans offer down payments as low as 3.5%, while VA and USDA loans have no down payment requirements for qualified applicants, like Veterans. So, while putting down more money does have its benefits, it’s not essential. As The Mortgage Reports says:

According to the National Association of Realtors (NAR), the median down payment is a lot lower for first-time homebuyers at just 9% (see chart below)

The takeaway? You may not need to save as much as you originally thought.  

And the best part is, there are also a lot of programs out there designed to give your down payment savings a boost. And chances are, you’re not even aware they’re an option.

Why You Should Look into Down Payment Assistance Programs

Believe it or not, almost 80% of first-time homebuyers qualify for down payment assistance (DPA), but only 13% actually use it (see chart below)

That’s a lot of missed opportunity. These programs aren’t small-scale help, either. Some offer thousands of dollars that can go directly toward your down payment. As Rob Chrane, Founder and CEO of Down Payment Resource, shares:

Imagine how much further your homebuying savings would go if you were able to qualify for $17,000 worth of help. In some cases, you may even be able to stack multiple programs at once, giving what you’ve saved an even bigger lift. These are the type of benefits you don't want to leave on the table. 

Bottom Line

Saving up for your first home can feel like a lot, especially if you’re still thinking you have to put 20% down. The truth is that’s a common myth. Many loan options require much less, and there are even programs out there designed to boost your savings too.

To learn more about what’s available and if you’d qualify for any down payment assistance programs, talk to a trusted lender.

Colorado Springs Social Scene

Military News and Updates

Air Force Academy's staff cuts unclear amid mass resignations; cadets assured of 'world-class' education

While the Air Force Academy sent a letter to incoming cadets early last week reassuring them of a quality education at the school, a definitive plan for layoffs among faculty and staff is still in the works.

Among the academy's civilians around 140 have resigned through the federal government's two deferred resignation programs, but the school is expected to lay off a significant number of additional civilians, according to internal communication and professors, who spoke on the condition of anonymity after attending presentations on cuts.

Feel free to reach out with any real estate questions—I’m here to help, no matter the state!

Referrals are the biggest compliment, so send anyone my way. Until next time!