You Don’t Need 20% Down to Buy a Home.
Erin Maresko Erin Maresko

You Don’t Need 20% Down to Buy a Home.

If you’ve been putting off buying a home because you haven’t saved up 20% — here’s some good news: that old rule just doesn’t apply anymore.

The 20% number is a leftover from decades ago, when mortgage options were more limited. Today, most buyers — especially first-time homeowners — put down far less, to the tune of 3–5%.

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