Tag Archives: Down Payments

More than 40% of those who have never owned a home, primarily renters, still believe that a 20% down payment is required to own a home.

As prices continue to escalate, home-seeking millennials are putting down nearly $54,000 to buy in the Denver metro market.

New research examines the regions where factors are most conducive to would-be homeowners assembling a down payment in the timeliest manner.

Millenials are buying in larger and larger numbers, so the question is “what is the best way for lenders to reach them?” See what suggestions Fannie Mae have to adapt to these new buyers.

Recent college graduates are more frequently living at home in expensive cities—and cities those that have seen the biggest boom-bust cycles—according to a new report from Zillow. That means recent grads in Riverside, California; Miami; and New York are the ...

Many young homebuyers are more focused on personal achievements, such as dream jobs and travelling, than “traditional,” long term life milestones, such as marriage and parenthood. Shifting priorities along with high down payments and the amount of time required to save for these payments are among the reasons why millennials aren't quite settling yet.

Most renters are putting about 30 percent of their monthly income toward their rental payment, which makes saving for a 10 or 20 percent down payment difficult. This conflict forces first-time buyers and millennials to pursue other options when looking to purchase a home, such as help from family or friends.

Even as the aftermath of the housing crisis continues to show in the market, a new survey shows the vast majority of Americans still regard homeownership as a "highly desirable goal." In findings released Tuesday, COUNTRY Financial revealed 89 percent of Americans in its most recent Security Index survey feel that buying a home is a key part of achieving the American Dream despite their recent memories of the crash.

There's a pervasive view held by younger consumers when considering whether to purchase a home or not, according to Freddie Mac's Christina Boyle. She believes that consumers persistently overestimate the size of a down payment they need in order to finance a home, and this lack of education is harming the housing market.

According to research results put out by TD Bank, 37 percent of homeowners who purchased within the last decade required mortgage insurance. Looking at just the last two years, that number is up to 43 percent, reflecting the troubles buyers are having meeting normal down payment minimums as home prices march up.