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Think Buying Is Out of Reach? How $20K Down Payment Help Can Change That

Claire Hopkins | Teresa McCormick | Real Broker LLC April 15, 2026

Homeownership Builds Wealth: Why Owners Have 43x More Net Worth Than Renters

The average net worth of a renter is about $10,000, while the average homeowner has about $430,000. That means homeowners hold approximately 43 times more wealth on average.

While everyone's path is different, owning a home has long been one of the strongest ways to build long-term financial security.

Why Homeownership Helps Build Wealth

  • Equity Growth: Mortgage payments may build ownership over time.
  • Appreciation: Real estate may increase in value.
  • Forced Savings: Monthly payments can turn housing costs into ownership.
  • Stability: Fixed payments may help protect against rising rents.
  • Leverage: Buyers control a larger asset with a smaller upfront investment.

If Buying Feels Out of Reach, Think Again

Many buyers believe they need a huge down payment. That is not always true.

There are programs available that may help qualified buyers with $20,000 or more toward down payment assistance depending on eligibility and funding. Click on the QR Code to learn about your options. We have a 30 minute seminar that explains several different programs available to Vegas Valley Homeowners.

Frequently Asked Questions

Is buying better than renting?

Buying may help many households build long-term wealth through equity.

Do I need 20% down to buy a home?

No. Many loan programs require much less than 20% down.

Can I really get $20,000 in assistance?

Some programs may offer $20,000 or more depending on qualifications and available funds.

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Whether you're buying your first home or selling a cherished family property, I'm here to support you every step of the way, ensuring your real estate experience is positive and rewarding.

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By providing your contact information to Teresa McCormick LLC, your personal information will be processed in accordance with Teresa McCormick LLC's Privacy Policy. By checking the box(es) below, you expressly consent to receive marketing or promotional real estate communication from Teresa McCormick LLC in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. Consent is not a condition of purchase of any goods or services. You may opt out of receiving further communications from Teresa McCormick LLC at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe. SMS text messaging is subject to our Terms of Use.
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TERESA MCCORMICK

(702) 321-9296

[email protected]



9580 West Sahara Avenue #200
Las Vegas NV 89117