62% of Home Buyers Are Mistaken About Down Payment

Dated: October 30 2019

Views: 190

A large number of first time buyers believe they need 20% down payment to buy a home in today’s market


" More than 6 in 10 (62%) Americans believe you must put at least 20% down in order to purchase a home" 

"the truth: 32% of current U.S Homeowners put 5% or less down on their home, according to census data:

According to the ‘2019 Home Buyer Report conducted by Nerdwallet,


When potential home buyers think they need 20% down payment to buy a home, they usualy also think they will have to wait a few years to save up the needed funds to buy their dream homes.

Unfortunately, the lack of knowledge about the home buying process is preventing many buyers from having their dream home come truth.

If you hapen to find yourself among the 62% of buyers that see themselves purchasing a dream home still as a dream, you and your family might be just missing out. Meet with a local real estate professional like myself who can show you options provide more information, and find your deam home.

Credits:

 Aricle: 2019 Home Buyer Report conducted by Nerdwallethttps://www.nerdwallet.com/blog/2019-home-buyer-report/

Photo By: Valentina Locatelli on Unsplash

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Jesus Trujillo

When passion for real estate is combined with talent and uncompromising drive to succeed amazing things will happen! I am a Troy, MI based real estate agent since 2017 and with 15 years of buying and....

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