First-time Homebuyers: You’re Closer To A Down Payment Than You Think

For many first-time buyers, saving for a down payment is the most difficult step in the home-buying process. However, it's a common misconception that you always need 20 percent down to buy a home.​ Here’s the lowdown on the most popular low-down alternative payment options: FHA Loan Traditionally the mortgage of choice for first-time buyers, …