If you’re a first-time buyer saving for a downpayment, you may be closer to homeownership than you think.
According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, “More than 6 in 10 (62%) Americans believe you must put at least 20% down in order to purchase a home.”
Unfortunately, this lack of accurate information about the home-buying process keeps many buyers on the sidelines. Today there are multiple programs available that enable home buyers to purchase a home with far less than 20% down.
“The truth: 32% of current U.S. homeowners put 5% or less down on their home, according to census data.” (as shown below):
Don’t let a lack of understanding keep you and your family out of the housing market. Let’s get together to discuss your options today.