The Down Payment Myth Holding Buyers Back
Are you waiting to buy until you’ve saved enough to make a 20% down payment? That’s actually one of the most common homebuying myths. Unless your specific loan or lender requires it, odds are you won’t have to put that much down. The median down payment for first-time buyers is actually just 9% – and depending on your home loan type, you could put down even less than that. The bottom line? You might be closer to buying a home than you think. Connect with a trusted lender to explore your home loan options and find out.
There's a myth about down payments that hold a lot of buyers back; here's what to know to not get fooled.
Let’s take a look at some historical data to show what’s happened in the housing market during each recession, going all the way back to the 1980s.
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If you put the latest data into context, it’s clear there’s no reason to think this is a repeat of the last housing crash.
Here’s the thing: the market’s shifting. And it might be time to hit play again.
If you put your home search on hold because you couldn't find anything you liked in your budget, it's time to try again.
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Here’s what most buyers don’t always think about: the longer you wait, the more buying could cost you.
We're here to help people live wealthier lives and enjoy more freedom by educating and guiding them through their lifelong real estate journey. Whether you're buying a home, looking to sell or relocate, or are an investor, we can help you. No agents will work harder for you, because to us, going to bat for you, isn't work. That's just what you do when you're a team.
