Stop stressing: You don’t need a 20% down to buy a home

By Elizabeth Renter, NerdWallet
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 Report.
The truth is: You don’t need 20% of a home’s price to buy it. Some lenders offer mort