Stop Stressing: You Don’t Need a 20% Down Payment to Buy a Home

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

The article Stop Stressing: You Don’t Need a 20% Down Payment to Buy a Home originally appeared on NerdWallet.