https://www.financeglobe.com/post/don-t-have-20-percent-for-a-down-payment/ Personal Finance Tips & Tools Sun, 30 Jun 2019 14:56:34 +0000 hourly 1 https://wordpress.org/?v=6.9 https://www.financeglobe.com/post/don-t-have-20-percent-for-a-down-payment/#comment-719 Sun, 30 Jun 2019 14:56:34 +0000 https://www.financeglobe.com/tools/2019/05/28/don-t-have-20-percent-for-a-down-payment/#comment-719 I will say I did not have 20% saved to purchase my first home. Most banks were still willing to work with me and I also did not have to pay the private mortgage insurance premiums as well.

]]> https://www.financeglobe.com/post/don-t-have-20-percent-for-a-down-payment/#comment-717 Thu, 13 Jun 2019 09:15:42 +0000 https://www.financeglobe.com/tools/2019/05/28/don-t-have-20-percent-for-a-down-payment/#comment-717 Sometimes even when you do not have 20% down, you will be money ahead in owning over leasing/renting and you potentially are building equity and ownership in a valued asset. Today FHA, VA, USDA/Conventional have many products that can work with a small down payment. Risks are too avoid Private Mortgage Insurance and if there is a potential of insecurity in your field of endeavor being engaged in home ownership is a risk. Also, selling homes in smaller rural communities can be a challenge due to the lack of buyers. All things to consider.

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