Rapidly ascending home prices have really made it much harder to possess basic-go out buyers to keep getting a downpayment and you will contend getting a home. Most are landing residential property because of the eschewing the conventional 20% downpayment and purchasing having as little as 3%5% down. An alternative Zillow survey finds that a majority (64%) regarding very first-time consumers put lower than 20% down on a house, and you can 25 % of those surveyed set-out 5% otherwise smaller. (more…)