You don’t need to put 20% down to buy a home, either.
Homebuyers can get a conventional mortgage for 5% down (technically as low as 3% down, but that would limit their options for lenders and require a much better credit score) or an FHA loan for as low as 3.5% down.
There are USDA loans that require 0% down, though they have income maximums and for homes in rural areas. I read that they also have square footage maximums (1800 square feet?), but the USDA property requirements doc I read didn’t list them.
You don’t need to put 20% down to buy a home, either.
Homebuyers can get a conventional mortgage for 5% down (technically as low as 3% down, but that would limit their options for lenders and require a much better credit score) or an FHA loan for as low as 3.5% down.
There are USDA loans that require 0% down, though they have income maximums and for homes in rural areas. I read that they also have square footage maximums (1800 square feet?), but the USDA property requirements doc I read didn’t list them.
For veterans, VA loans can also be 0% down.