One of the most persistent myths still making its rounds is that you need 20 percent down to get a mortgage. In fact, you have not needed 20 percent down since FHA went into business in 1934. In recent years, as lender scramble for millennial borrowers, low down payment programs have proliferated like rabbits, from thousands of state and local assistance program to conventional offerings from Wells Fargo, Bank of America and Fannie Mae, among others …
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