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2 Myths Holding Back Home Buyers. Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment,
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FHA DPA Advantage – 2% non-repayable grant, FHA only, applicable to First Time Home Buyers, Community Heros, or below 140% of median income. Myth #2: "I Need a 780 FICO Score or Higher to Buy" Similar to the down payment, many either don’t know or are misinformed about what FICO score is necessary to qualify.
by Keeping Current MattersFreddie 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 of the challenge for those planning to purchase a home is their perception of how much they will need to save.
My favorite topic to write and speak about these days is millennial buyers. Myth 3: Millennials will make and save less money than their parents Politicians and social commentators like to throw.
Buyers overestimate the down payment funds needed to qualify for a home loan. According to the First Quarter 2017 Homeownership Program Index (HPI) from Down Payment Resource, saving for a down payment was the barrier that kept 70% of renters from buying. Rob Chrane, CEO of Down Payment Resource had.
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,
Whether you plan to stay in your house for a long time or just a few years, it's smart to know which home.. 2 Myths Holding Back Home Buyers.
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Young buyers (Millennials & Gen Z) have waited longer than previous. 5 reasons to Sell Your House This summer. 2 myths holding Back Home Buyers .
2 Myths Holding Back Home Buyers! By The KCM Crew Freddie Mac recently released a report entitled, "Perceptions of Down Payment Consumer Research." Their
But there are also many myths and misconceptions surrounding the process that can hold potential home buyers back from exploring their options. mortgages with a down payment as little as zero. 2..