Oct 23, 2026 17 min read
First-Time Homebuyer Mortgage Options: Compare Your Loans
Updated October 23, 2026.A 20% down payment on a $250,000 Wichita home is $50,000. That's a lot of money to save before you even think about closing costs, moving expenses or the repairs that might come after you get the keys.Fortunately, 20% isn't required for every mortgage. Some qualified buyers can purchase with 3% down through a conventional loan or 3.5% through an FHA loan. Eligible VA and