After the last financial fiasco, I thought all the minimums had moved higher....maybe not 20%. I bought my first home in 1986. If you want a home, you need to save. You need to demonstrate financial discipline, delayed gratification and a seriousness about home ownership. To do this you need to demonstrate some level of employment security.
These things don’t just happen and are not a right. They are earned.
I just got a VA mortgage last month, 3.375%, I put over 50% down and I was still give the 3rd degree for everything, such as where did my earnest money come from, had to show bank statements and the check.
I went VA because Disabled Vets don’t have to pay a funding fee.