How much money is needed to buy a house?

Real Estate Agent with Long & Foster Real Estate Inc 610-225-7400 PA License - AB067198

One of the questions I get asked all the time is how much money does a buyer need when buying a house? It really depends on the situation, the price of the house and what loan product they are going to use, so I got together with Shawn DeAngelo from Prosperity Home Mortgage to dismiss the myth, I need 20% to put down and get some of the facts. Watch the video for the answers. Let me know if you have any specific real estate related questions.


If you need help purchasing or selling your home, I am here to give you the confidence to make the right decisions throughout the transaction. Contact Nick Vandekar, Selling the Main Line with Long & Foster Real Estate Inc today, cell or text 610-203-4543, office 610-225-7400, 

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Nick Vandekar
Nick is a Tredyffrin Easttown Residential and Commercial REALTOR selling The Main Line, Chester, Delaware and Montgomery Counties.

Giving you the confidence to make
the right decisions.

92 Lancaster Avenue
Devon , PA 19333
Mobile: (610) 203-4543 [call or text me]
Email Me


My Blog


If you are buying or selling on or around
Tredyffrin Easttown or along the Main Line, 
we can help you, contact us.

Comments (6)

Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nick- What a nice video that you put together. And it's a great way to answer a question that many first-time home buyers would have. 

Mar 02, 2022 05:40 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Mar 03, 2022 03:00 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Nick... still amazed that so many people believe they need to put down 20% to purchase a home. 

Mar 03, 2022 04:58 AM
Kat Palmiotti
406-270-3667,, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

I don't remember the last time I worked with a home buyer who put down 20%. There are a lot of options for those who cannot afford that big a down payment! Nice video.

Mar 03, 2022 05:09 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I find it hard to believe that people still think they need 20% down in order to buy a home.

Mar 03, 2022 05:48 AM
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Kathy Streib it is surprising what holds so many back is ignorance, even though it has been said over and over, they still think they need 20%. So, hopefully this video will help to dispel some of the myths. I have several videos in this series I am posting, today I posted about help for first time home buyers.

Richard Weeks thank you for commenting.

Nina Hollander, Broker I agree, I find many renters believe this which is why they are still renting.

Kat Palmiotti there are so many ways around not putting down 20%.

Brian England hopefully this video will help to educate a few more who might not know.

Mar 03, 2022 08:09 AM