Down Payments

Having Trouble Saving Enough for Your Down Payment? Crowdfund It!

Down Payments, First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers /

\"HavingYou read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home. Many couples are asking their wedding guests to contribute to their “Down Payment Fund” rather than fulfilling a traditional registry. This is fueled by the fact that many couples live […]

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What You Need to Know About the Mortgage Process [INFOGRAPHIC]

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers /

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Some Highlights:

  • Many buyers are purchasing a home with a down payment as little as 3%.
  • You may already qualify for a loan, even if you don\’t have perfect credit.
  • Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

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First-Time Home Buyers Continue to Put Down Less Than 6%!

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Rent vs. Buy /

\"First-TimeAccording to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers […]

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You DO NOT Need 20% Down to Buy Your Home NOW!

Buying Myths, Down Payments, First Time Home Buyers, For Buyers /

\"YouThe Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that the main reason why non-homeowners do not own their own homes is because they believe that […]

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It’s Tax Season… Use Your Refund to Jump Start Your Down Payment Savings!

Down Payments, First Time Home Buyers, For Buyers /

\"It\'sAccording to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year. Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals; for anyone […]

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2 Major Myths Holding Back Home Buyers

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers /

\"2Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.” Myth #1: “I Need a 20% Down Payment” Buyers often overestimate the down payment funds […]

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