Homeownership is an important part of the American dream, but many Americans still struggle with the daunting task of saving for a down payment. The combination of stagnant wages, rising rents and hefty student loan payments simply prevent many would-be buyers from setting aside cash. Thankfully, though, for strapped buyers, there are other options, including low down payment mortgages and mortgage assistance programs backed by state and federal agencies.
This guide is a starting point for buyers who want to own a home but lack the cash to do so in the conventional way.