My husband and I plan to buy a new home but we lack the funds for a 20% downpayment.

The vast majority of people DO NOT NEED a 20% down payment, and never have. Do some people? Yes, but those are primarily people buying upper bracket homes over the conforming loan limit. In most of the country, that limit is currently $548,250, but about to be raised even higher (rumor is $625,000 - be be announced any day now). Standard conforming first time home buyer loans, and FHA loans have very low down payment requirements. Down payment assistance is widely available, but usually has income restrictions. Just reach out to a local mortgage lender in your area, give them a full application, and they will let you know your options. I lend in MN WI IA ND SD. Find me at JoeMetzler.com - Cambria Mortgage, NMLS 274132 (651) 552-3681