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12 cities where homebuyers really need a 20% down payment
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New mortgage programs have made it much easier for borrowers to buy a home with a down payment that's less than the traditional 20%. While these efforts are essential to improving access to mortgage credit, consumers still have the most purchase power and home shopping options with a larger down payment.

Here's a look at the 12 cities where the number of affordable homes increases the most when buyers have a 20% down payment rather than only putting down 10%.

The data, from equity sharing financier Unison, analyzes local home prices and median wages to determine affordable inventory levels. The comparison assumes a 4% fixed-rate mortgage and a max 45% debt-to-income ratio. Cities are ranked by percent increase in affordable inventory.