More evidence of why trying to save 20 percent on a home down payment isn’t realistic

By Michael Lerner, Washington Post

July 12, 2018

 

“One of the biggest misconceptions associated with buying a home is that you need a down payment of 20 percent of the home price. The median down payment for buyers under age 37, a group that typically includes a majority of first-time buyers, was just 7 percent last year, according to the National Association of Realtors…”

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