As a law professor who researched consumer law, I can tell you: you do not need a 20% down payment to ensure people can afford their housing. 3% down is enough to make sure people stay in their homes and make payments while avoiding unsustainable homeownership. We can make the dream of owning a home accessible again without the 20% barrier.
I support a revolving fund that would provide a second loan to fill the gap between 3% and 20%. The best part? It doesn’t require taxpayer funding. It’s a smart way to bridge the gap to homeownership.
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