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【CNBC】A 20% down payment is ‘definitely not required’ to buy a house, economist says. Here’s how much you need

【CNBC】A 20% down payment is ‘definitely not required’ to buy a house, economist says. Here’s how much you need

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  • About 77% of future homebuyers have started putting money aside for a down payment, according to a new survey from Clever.com, a housing and real estate research site.
  • Buyers may try to put more money down to avoid mortgage insurance costs and even lessen monthly payments, but 20% is “definitely not required,” said Danielle Hale, chief economist at Realtor.com.

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