1. Myth: You Need a 20% Down Payment to Buy a Home Reality: While a 20% down payment is often considered ideal, it's not always necessary. Many homebuyers can purchase property with much less: - FHA loans allow down payments as low as 3.5% - Some conventional loans accept down payments of 3-5% - VA loans and USDA loans may offer zero-down options for eligible buyers However, keep in mind...