Mortgage Archive

Fewer First-time Buyers Obtaining Mortgages With Low Down Payment

NAR’s REALTORS® Confidence Index Survey data shows that fewer first-time buyers are obtaining mortgages with down payment of 6 percent or less [1]. In 2009, among REALTORS® who reported a sale to a first-time home buyer, 74 percent of...

37 Percent of REALTORS® With Mortgage Sales Reported Downpayment of 20+%

Based on data from the January 2014 REALTOR® Confidence Index survey, about 37 percent of respondents who reported a mortgage-financed sale reported a down payment of 20 percent or more. Under more cautious underwriting standards, buyers may have to...