Need a 20% downpayment?

Think you need a 20% down payment to become a homeowner? That’s a home buying myth. The reality: Federal Housing Administration loans allow qualified borrowers to put down as little as 3.5%. Those who qualify for a Veterans Affairs home loan can put as little as 0% down. Other low-downpayment and even no-downpayment home loan options are available, too!

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