Yes but if you don’t qualify for a special program you are only seeing a 3% down payment with an exceptionally high interest rate and significant PMI. Which makes it even more unaffordable. That might help recent high income earners with little savings but again makes it difficult for average people with average savings.
Lol a downpayment nowadays is easily two to three times that.
That is not true, there are programs and different types of loans where you can buy a house with as little as 3% down payment.
My country has 15% downpayment required by law.
Yes but if you don’t qualify for a special program you are only seeing a 3% down payment with an exceptionally high interest rate and significant PMI. Which makes it even more unaffordable. That might help recent high income earners with little savings but again makes it difficult for average people with average savings.