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Homebuyer surveys report a big gap between perception and reality when it comes to down payments. And considering that saving for a down payment the number one challenge for new buyers, it’s probably time to brush up on your facts. In fact, a new Fannie Mae consumer survey found little has changed in consumer knowledge from 2015 to 2018. Most buyers don’t know what’s required for a down payment and only 23% are aware of low down payment programs that could help them buy a home sooner.