2 Myths Holding Back Home Buyers

2 myths holding Back Home Buyers June 10th, 2019 | Buying Myths , Down Payments , First Time Home Buyers , For Buyers , For Sellers , Housing Market Updates , Move-Up Buyers | Freddie Mac recently released a report entitled, "Perceptions of Down Payment Consumer Research."

Myth #1: "I Need a 20% Down Payment" Buyers often overestimate the funds needed to qualify for a home loan. According to the same report: 22% of renters and 31% of homeowners believe lenders require 20% or more of a home’s sale price as a down payment for a typical mortgage today. And,

Myth #1: “I Need a 20% Down Payment” Buyers often overestimate the funds needed to qualify for a home loan. According to the same report: 22% of renters and 31% of homeowners believe lenders require 20% or more of a home’s sale price as a down payment for a typical mortgage today. And,

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 · Their research revealed that, “For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home is their perception of how much they will need to save. » Learn More about 2 Myths Holding Back Home Buyers

2 Myths Holding Back Home Buyers. Freddie Mac recently released a report entitled, "Perceptions of Down Payment Consumer Research." Their research revealed that, "For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part.

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