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, it's…
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