Younger people are facing a problem, with rising home pricing meaning that the down payment requirement is getting higher, and many are unable to afford it. The National Association of Realtors says the median home price in the U.S. is now $350,000, which means the average buyer would need to pay $70,000 as a deposit
Buyers are coming up with bigger down payments than ever before
September 20, 2018 by
As would-be buyers struggle to compete against each other due to a tigher-than-ever supply of available homes to buy, some are upping the ante by putting down larger down payments
Buyers drop bigger down payments to gain a competitive edge
January 11, 2018 by
As buyers face increased competition in U.S. housing markets, some are attempting to gain a competitive edge by offering a larger down payment. “In many purchase situations, there are multiple offers, and the buyers who have the bigger down payment are more likely to win out,” Daren Blomquist, ATTOM Data Solutions’ senior vice president, told
Housing affordability, debt, holding back prospective buyers
February 2, 2017 by
Affordability pressures, student debt and general confusion about down payment requirements prevented many aspiring homeowners from reaching the market in 2016.
Buying a Home Without a 20% Deposit
November 16, 2015 by
Saving up thousands of dollars for a down payment isn’t easy, particularly as home prices are increasing, but an article on Fox8.com has outlined a few ways you can get around this problem. The national average listing price for a four-bedroom, two bath home is $302,632 according to figures from Coldwell Banker Real Estate. This
Down Payment Resource debunks down payment myths
October 14, 2015 by
Atlanta-based Down Payment Resource, the nation’s only databank for homebuyer programs, released its Third Quarter 2015 Homeownership Program Index. The volume of programs increased to more than 2,400, making it the fourth consecutive increase in programs. The index reveals the wide range of homeownership opportunities available for homebuyers across the country. Recent surveys, including the
Search Realty Reveals Key Factors Related to Buying a Home
July 1, 2013 by
Search Realty Corp., Brokerage, a real estate company, has revealed various factors that come into play when a potential home buyer starts looking more closely at the real estate market. The company is pointing out that all potential buyers should be aware of the costs involved in buying a home in order to determine whether or not it’s a viable option.
USDA Helps Rural Homebuyers with AmeriFirst Home Mortgage
May 30, 2013 by
Although the housing market in the US is beginning to recover, many homebuyers still need help getting back into the market. One possible solution is the 100% financing option which is backed by the US Department of Agriculture.
Lawmakers Call For Lower Down Payments
June 2, 2011 by
A mortgage proposal that calls for a 20% down payment on even the safest of mortgages is the target of a group of lawmakers who are desperate to convince federal regulators to overhaul the move. The move, say lawmakers, would threaten the chances of the US making a full recovery from recession “for years”. A
Mint.com Adds Home Loan “Ways to Save” Tool
March 24, 2011 by
With all of the problems many Americans are having with mortgage payments, it only makes sense for financial applications to add mortgage components. Mint.com has apparently risen to the occasion with its new home loan feature, which is part of the “Ways to Save” component of the web application. The feature scours through “thousands of
