One More Time… You Do Not Need 20% Down to Buy a Home
The largest obstacle renters face when
is saving for a down payment. This challenge is amplified by rising rents, which has eaten into the amount of money renters have leftover for savings each month after paying expenses. planning to buy a home
In combination with higher rents, survey after survey has shown that non-homeowners (renters and those living rent-free with family or friends) believe they need to save upwards of 20% for their down payment!
According to the
study commissioned in partnership between the “Barriers to Accessing Homeownership” Urban Institute, Down Payment Resource, and , Freddie Mac 39% of non-homeowners and 30% of those who already own a home believe they need more than a 20% down payment.
The percentage of those who are aware of
(those under 5%) is surprisingly low at 12% for non-homeowners and 13% for homeowners. low down payment programs
In a recent
report, they found that 49% of renters believe they need at least a Convergys Analytics . 20% down payment
The Those waiting until they have over 20% may already have enough saved to buy now! median down payment on loans approved in 2018 was only 5%!
There are over 45 million millennials (33%) who are
, meaning their income, debt, and mortgage ready right now would all allow them to credit scores ! qualify for a mortgage today
If your five-year plan includes
, buying a home to determine what it will take to make that plan a reality. let’s get together You may be closer to your dream than you realize!
Read from source..>>
Questions, Comments or For more information you can contact Christian Penner at: Visit us online at (561) 316-6800 www.ChristianPenner.com
The Christian Penner Mortgage Team,
Buyer Referral Hotline : (561) 316-6800
Helping You Achieve the American Dream of Home Ownership
Or You can click " Call Me" below to call Christian Penner directly using Google Voice
, Branch Manager Mortgage Broker Christian Penner talks about Real Estate West Palm Beach . He also serves other Local Areas and West Palm Beach for provides home Mortgage Solutions , Palm Beach Gardens , Jupiter , Boca Raton and Wellington . Christian Penner Mortgage Broker Tequesta has the Jupiter and the lowest mortgage rates like; best home mortgage programs , Jumbo loans , FHA Home Loans , VA Home Loans , Freddie Mac Home Loans, Fannie Mae Home Loans and Reverse Mortgage Home Loans . Christian Penner Mortgage Broker HARP Mortgage Loans has Served the area for over 18 years with his Palm Beach Gardens and Works with The Home Loan Lending Needs . Ask Me About A Mortgage, Palm Beach Mortgage Lender, West Palm Beach Mortgage Lender, Palm Beach Gardens Mortgage Lender. Christian Penner Mortgage Team
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