Homebuying Myths: The 20% Down Payment
When it comes to buying a home, there are plenty of myths out there. One of the most common is that you need to make a 20% down payment.
While a 20% down payment may save money on fees, there are many different loan programs that require a much smaller down payment or may not require one at all.
Learn Your Options
Understanding the homebuying process will help make sure you're prepared to find the best loan option for you. Alaska Housing's mortgage experts suggest three ways you can prepare.