And if they don't have that 20% some other fee is attached. Bottom line, don't buy until you have the 20%, pay your own taxes and insurance, and get the loan for as short a period as possible so they have less of a change to mess you over.
The problem with waiting until you have 20%....if everyone did that, man, talk about a housing slump.
Which reminds me, wonder why we don’t hear about the PMI paying off 10, 15 or 17% of the loan?