People just starting out aren't usually aiming for the average home. There are lots of homes and condos that are half that price - depending on location.
>> which means a 20% down payment is $80,000.
If you are faced with this situation, an FHA loan requires 3.5% down and you can buy with a sub-600 credit score. FHA loans are designed for first-time buyers.
People just starting out aren't usually aiming for the average home. There are lots of homes and condos that are half that price - depending on location.
>> which means a 20% down payment is $80,000.
If you are faced with this situation, an FHA loan requires 3.5% down and you can buy with a sub-600 credit score. FHA loans are designed for first-time buyers.
https://www.nerdwallet.com/article/mortgages/fha-loan