When planning on buying a home, buyers need to know their financing options. A recent survey revealed that 38% of those between the ages of 25-29 years old and 42% of those between the ages of 30-34 years old believe that a minimum of 15% is required as a down payment to purchase a home. A recent questionnaire administered by Freddie Mac showed that over 50% of all respondents thought 20% was required as a down payment.In actuality, a purchaser may be able to put down far less.Freddie Mac, in a recent blog post addressing the issue, confirmed that there is misinformation regarding the amount necessary when determining the down payment for a home purchase:“Did you know 40 percent of today's homebuyers using mortgage financing are making down payments that are less than 10 percent? And how about this: since 2010, the number of people putting down less than 10 percent for conventional loans has grown three fold. So, not only are low down payment options real, they represent a significant portion of today's purchases.”In a separate Executive Perspectives, Christina Boyle, Freddie Mac’s VP and Head of Single-Family Sales & Relationship Management explained further:
Property Search
RSS Feed
Search Blog
Recent Blogs
Selling Your House Dont Do These 4 Things - Selling Your House? Don't Do These
A Proven Formula For Buying Rental Properties I Sean Hamers Realtor 6193099640 - A Proven Formula For Buying Rental
WHAT IS MY HOME REALLY WORTH - MOST ACCURATE HOME VALUE MODEL
Whether You Rent Or Buy Either Way Youre Paying A Mortgage - There are some people who have not
This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.
Click 'Save' to add a property to this list.New & returning visitors please enter your information to login.
This message will go directly to the head of our team.