Debunking the 20% Down Payment Myth: Affordable Home Buying Options You Didn't Know Existed

<p>In this enlightening episode of PennyWise, host Nat Cardona welcomes NerdWallet's senior writer, Holden Lewis, to debunk the common myth surrounding down payments for home buying. Many potential homeowners believe that a hefty 20% down payment is a necessity, but Holden clarifies that this isn't the case. The discussion addresses the financial pressures faced by first-time homebuyers, including interest rates and living costs, which can make homeownership seem unattainable.<br>Listeners will discover that conventional loans can require a lot less down, while FHA loans offer nearly unbeatable opportunities for first-time homebuyers.</p> <p>This episode is packed with practical advice and reassurance for anyone feeling overwhelmed by the home buying process.</p> <p><a title="https://urldefense.com/v3/__https://www.nerdwallet.com/article/mortgages/data-down-payment__;!!LvYzicI!iDV9F-V9_lV9Vtqu4wwOCv3WjbqEzEQQUWr263MXfPUaoohJ9cbSwwI13n3M9ednZ0EmBS_fii67sFHWwT2U4UM7OsiSvQ$" href="https://urldefense.com/v3/__https://www.nerdwallet.com/article/mortgages/data-down-payment__;!!LvYzicI!iDV9F-V9_lV9Vtqu4wwOCv3WjbqEzEQQUWr263MXfPUaoohJ9cbSwwI13n3M9ednZ0EmBS_fii67sFHWwT2U4UM7OsiSvQ$" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable" data-linkindex="3" data-olk-copy-source="MessageBody">https://www.nerdwallet.com/article/mortgages/data-down-payment&nbsp;</a></p> <p>Show notes created with assistance from&nbsp;<a href="https://headliner.app/">https://headliner.app</a></p>