putting down 20% is a common misconception when bu

putting down 20% is a common misconception when buying a home. While a 20% down payment is often recommended, it's not a requirement. There are many loan options available that allow for lower down payments, such as FHA loans which only require a minimum of 3.5% down payment. Additionally, many lenders offer programs for first-time homebuyers with even lower down payment requirements. It's important to explore all options and choose the one that works best for your financial situation.