2 Myths Holding Back Home Buyers | Sandy Flores, Real Estate Broker

Fulfill your Dream of Homeownership – 2 Myths Holding Back Home Buyers. Your goal of buying a House in Hampton Roads might be easier to reach than you think. freddie mac recently released a report entitled, "Perceptions of Down Payment Consumer Research."

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While many believe at least 20% down is necessary to buy the home of their dreams, they do not realize programs are available which permit as little as 3%. Many renters may actually be able to enter the housing market sooner than they ever imagined! Myth #2: "I Need a 780 FICO Score or Higher.

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The Ultimate Truth about Housing Affordability The Ultimate Truth about Housing Affordability There have been many headlines decrying an "affordability crisis" in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means.

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2 Myths Holding Back Home Buyers Myth #1: "I Need a 20% Down Payment" Buyers often overestimate the funds needed to qualify for a home loan. According to the same report: 22% of renters and 31% of homeowners believe lenders require 20% or more of a home’s sale price as a down payment for a typical mortgage today. And,

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Buying Myths, Down Payments, First Time Home Buyers, For Buyers. While many believe that they need at least 20% down to buy their dream homes, they do not realize that there are programs available which allow them to put down as little as 3%. Many renters may actually be able to enter the.

2 Myths Holding Back Home Buyers 2 Myths Holding Back home buyers. freddie mac recently released a report entitled, "Perceptions of Down Payment Consumer Research." Their research revealed that, "For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership.