Home Buying Tip of the Day! Home Buying Tip #1
“You don’t need 20% Saved for a down payment”
In short, you shouldn’t think it’s conservative to make a large down payment on a home, or risky to make a small down payment. The right amount depends on your current savings and your home buying goals.
If you can get approved for a house with less money down and become a homeowner sooner, that’s very often the right choice.