{"id":2395,"date":"2018-07-16T10:00:02","date_gmt":"2018-07-16T10:00:02","guid":{"rendered":"https:\/\/thezakariagroup.com\/first-time-home-buyers-continue-to-put-down-less-than-6\/"},"modified":"2018-07-16T10:00:02","modified_gmt":"2018-07-16T10:00:02","slug":"first-time-home-buyers-continue-to-put-down-less-than-6","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/first-time-home-buyers-continue-to-put-down-less-than-6\/","title":{"rendered":"First-Time Home Buyers Continue to Put Down Less Than 6%!"},"content":{"rendered":"
\n

\"First-Time<\/p>\n

According to the Realtors Confidence Index<\/em> from the National Association of Realtors<\/em>, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017.<\/span><\/p>\n

Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March<\/a>,<\/u> 71% of first-time buyers and 54% of all buyers put less than 20% down.<\/p>\n

Ralph McLaughlin, Chief Economist <\/em>and Founder<\/em> of Veritas Urbis Economics<\/em>, recently<\/a><\/u> shed light on why buyer demand has remained strong,<\/p>\n

\n

\u201cThe fact that we now have four consecutive quarters where owner households increased while renters households fell is a strong sign households are making the switch from renting to buying. <\/em><\/p>\n

Households under 35 \u2013 which represent the largest potential pool of new homeowners in the U.S. \u2013 have shown some of the largest gains. While they only make up a third of all homebuyers, the steady uptick in their homeownership rate over the past year suggests their enormous purchasing power may be finally coming to [the] housing market.\u201d <\/em><\/p>\n<\/blockquote>\n

It\u2019s no surprise that with rents rising, more and more first-time buyers are taking advantage of low-down-payment mortgage options to secure their monthly housing costs and finally attain their dream homes.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you are one of the many first-time buyers unsure of whether or not they would qualify for a low-down payment mortgage, let\u2019s get together and set you on your path to homeownership!<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[110,107,98,99,111],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nFirst-Time Home Buyers Continue to Put Down Less Than 6%! - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/first-time-home-buyers-continue-to-put-down-less-than-6\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First-Time Home Buyers Continue to Put Down Less Than 6%! - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. 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