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Home / MLM News Roundup / No, you don’t need a 20 percent down payment to buy a home

No, you don’t need a 20 percent down payment to buy a home

Many Americans may be unnecessarily talking themselves out of homeownership. Thirty-seven percent of non-homeowners say not having enough saved for a down payment is holding them back from homeownership, but 62 percent of Americans incorrectly believe you have to have at least 20 percent of a home's purchase price to buy, according to NerdWallet's 2020 ...