Assembling a 20% down payment for a home purchase can be challenging, but fortunately, other avenues now exist for prospective homeowners.
As property values continue to surge, prospective buyers are finding it increasingly difficult to amass a 20% down payment. With four-bedroom, two-bathroom homes carrying a national average price tag of $302,632 according to Coldwell Banker Real Estate, purchasers are expected to provide $60,526 upfront as a 20% down payment. However, there are alternatives for those not holding such substantial savings.
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