How much money should I have saved before buying?
Plan for your down payment (often 3%–5%), closing costs (roughly 2%–5%), and a cushion for moving and early repairs. You don't need 20%, but having a little extra after closing keeps homeownership comfortable.
Think in three buckets: the down payment (many buyers use 3% to 5%, and some programs less), closing costs (often around 2% to 5% of the price), and a reserve for moving, immediate needs, and the inevitable surprise once you own.
You do not need 20% down, but I always encourage clients not to drain every dollar to close — keeping a cushion is what makes the first year of ownership feel good instead of stressful. When we talk, I'll help you build a realistic savings target for the price range you're after.
This answer is general education, not legal, tax, or financial advice. Your situation is unique — let's talk through the specifics together.