homes.yahoo.com - If you don't have 20 percent to put down on a new home, that doesn't mean you can't buy one. Does that surprise you? Then listen to this: there are all kinds of strategies for prospective home buyers who can't get the cash together for the traditional 20 percent down.
In fact, homebuyers could get a loan with as little as 3.5 percent down through the Federal Housing Administration, says Joe Parsons, senior loan officer with PFS Funding in Dublin, CA and author of "Growing Equity: A Guide for the Hopeful Investor."
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