Realtor.com writes, "one of the first things you’ll hear when you start considering homeownership is that even with a mortgage, you’ll need a hefty chunk of change upfront. Most financial planners recommend putting down a 20% down payment.
On the current national median home price of $420,000, that comes to $84,000. And that’s serious money.
But if you don’t happen to have that kind of cash on hand, you’re not alone. Mortgage expert Bill Banfield notes that the most common barrier to homeownership isn’t being able to afford the monthly mortgage payment—it’s being able to save the down payment.
Thankfully, there are other ways to go about buying a home that doesn’t require you to put 20% down. Here’s a list of where you can find…
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