No, banks offer a number of mortgage products. A 20% mortgage is one of them, but there are products that allow for less. You should talk with your lender to understand what programs/products are available to you given your financials and credit.
The best way to be sure of the price you should list your home for is to have a few realtors come in and do a comparable market analysis of your home. They will take into consideration the square footage, floor plan, age , location and improvements you have done to your home. The market is what it is and you need to price your home competitively if you want to get it sold in any market. Overpriced homes don't sell whether it is a sellers market or a buyers market so price your home realistically.... more