Sometimes the thought of buying a home can be intimidating and may also feel out of reach and unattainable. For whatever the reason, homeownership can actually be easier than expected. Below we highlight some home buyer myths you may want to ignore.
You have to put 20% down
Yes, some loans require you to put 20% down but depending on the qualifications...you may actually be able to purchase a home by putting down a lot less! Some loans will even allow you to put down as little as 3.5% down. Also, depending on the location, some rural housing loans even allow buyers to obtain 100% financing.
These can be great opportunities for first time home buyers that can not afford a large down payment, closing cost, and inspections. If you are unsure,