downpayment Archive

Student Loan Debt Hampering Home Buying: A Regional Perspective

The 2016 Profile of Home Buyers and Sellers survey is the second year we have collected data on the difficulty of saving for a down payment to buy a home and whether student loans were an impediment. In years...

Helping Family with A Downpayment For Their Dream Home

Consumers across income and education brackets would greatly benefit from increased awareness and financial understanding on downpayment requirements needed to obtain a mortgage. In NAR’s September Housing Opportunities and Market experience (HOME) report, a quarterly index measuring consumer sentiment...
September 27, 2016

Private Mortgage Insurance

 Buying a home with a down payment of less than 20 percent can be expensive, but it just got cheaper for some home buyers. Many private mortgage insurers have dropped the rates they charge high quality borrower. Combined with...

Repeat Buyers Making a Splash More Than First-Time Buyers

One way to examine changes in the housing market is to look at the prior living arrangements of buyers, specifically changes in the last decade. In 2015, 43 percent of all buyers rented an apartment or house before buying....
April 6, 2016

State and Local Down Payment Assistance is Important

One of the Federal Housing Administration’s (FHA) important functions is to provide insurance on low down payment mortgages. The majority of FHA-financed mortgages have a down payment of 3.5%. A homebuyer can get assistance for the down payment from...