Jun 25 2015 13793 1

Jun 25 2015 13793 1

Just 3% down payment to 0 down pay for your first home

Policymakers are also providing incentives. Fannie Mae recently introduced a 97% loan program targeted to first time home buyers, making it easier to come up with a down payment.

Then there is the matter of economics. The employment picture has strengthened, providing more potential buyers with stable income and increasing their confidence to take on a long-term commitment.

And perhaps the clincher – the rent consumers are paying for their housing continues to go up.

"With rents now rising at a 7-year high, historically low rates and moderating price growth are likely to entice more buyers to enter the market in upcoming months," Lawrence Yun, chief economist for the National Association of Realtors (NAR), noted last month.

Realtors are still fighting the misconception that a large down payment is needed in order to buy a home, but as word spreads about low down payment loan programs, that will begin to change.

Reference:

Consumer Affairs (2015) http://www.consumeraffairs.com/news/more-renters-leaning-toward-buying-homes-012015.html



Angela Woodruff Headshot
Author:
Phone: 864-682-0311
Dated: June 25th 2015
Views: 218
About Angela: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Myths About Real Estate Reality TV -  Myths About Real Estate Realit
Whats Keeping You From Making Positive Credit Repair Changes - Some people feel as if they are stuc
The Steps To Getting Approved For VA Financing For Your Home Purchase - When beginning your home search the
What Are Second Wave Baby Boomers Looking For In A Home - Top 3 Things Second-Wave Baby Boom

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty South Carolina
711 Fairview St
Fountain Inn, SC
843-593-9750