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Sue's House & Home Advice

To provide real estate, mortgage and consumer information and tips.

Thank you for visiting my blog. My mission is to provide beneficial information for all. I hope you find something useful here. If you would like more information about anything on my blog, get in touch.......I'm here to help you.

61% of First-Time Buyers Put Down Less than 6%


January 17th, 2018



According to the National Association of Realtors’ latest Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017.

Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying. The median down payment for all buyers in 2017 was just 10% and that percentage drops to 6% for first-time buyers.

Zillow Senior Economist Aaron Terrazas’ recent comments shed light on why buyer demand has remained strong,

“Looking into 2018, rent is expected to continue gaining. More widespread rent growth could mean home buying demands stay high, as renters who can afford it move away from the unpredictability of rising rents toward the relative stability of a monthly mortgage payment instead.”

It’s 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.

Bottom Line

If you are one of the many first-time buyers who is not sure if you would qualify for a low-down payment mortgage, let’s get together and set you on your path to homeownership!


Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
Champions Real Estate Group
26119 I-45 North, Ste. 206, The Woodlands, TX 77380   Get Directions
Phone: (713) 659-6666
Fax: (713) 785-6631