The 20 Percent Downpayment: A Thing of the Past?

June 9, 2017 Staff Writer

Recent data hints that the 20 percent downpayment may not be entirely necessary anymore. First-time homebuyers are increasingly pursuing different vehicles to obtain their dream of being a homeowner. They also account for almost half the total homes purchased in the first quarter of 2017, a number which continues to rise.

The post The 20 Percent Downpayment: A Thing of the Past? appeared first on theMReport.com.

Previous Article
Five Barriers Keeping Buyers out of the Market
Five Barriers Keeping Buyers out of the Market

Local job markets have improved and mortgage rates are at a historic low, however U.S. homeownership rates ...

Next Article
Mortgage Credit Availability Dips, Government Loans Fall Most
Mortgage Credit Availability Dips, Government Loans Fall Most

The availability of mortgage credit has dropped more than a full percent over the last month, indicating le...