• AwkwardLookMonkeyPuppet@lemmy.world
    link
    fedilink
    English
    arrow-up
    8
    ·
    8 months ago

    You need that here in the USA too, but with an FHA loan, or a first time buyer program on a conventional loan the percentage needed is reduced. Although they hit you with some pretty hefty fees when you take advantage of those programs. The FHA charges an up-front fee, and conventional loans hit you with PMI which equates to hundreds of dollars per month.