Summer is already in high gear and most Americans are getting ready to take their yearly vacations. Singles, couples and families are looking at their options and finalizing plans—beach, lake or amusement park.

A fourth option – a staycation – doesn’t sound especially exciting on the surface, but it might ultimately be a lot more valuable for your future. And here’s the good news: Homebuyers no longer have to save up for the full 20% down payment. Today, with an average 1% down payment—or $2,000—opting for a staycation over a vacation may be enough on its own to get your through the front door.

Click here to read the full article via Huffington Post.