Tag Archives: Down Payments

A recent study is examining how advances in technology are making it easier for more people to have access to financial resources.

Saving up for a down payment on a home, especially for first-time homebuyers, can be overwhelming. However, the current buying climate may be the proverbial fan to the flame.

Millennials are spending more than any other generation on their vices. With dwindling inventory and rising home prices, how will they get their foot in the homeownership door?

The amount of down payment assistance programs available dropped very slightly in Q1, but thousands of programs are still out there. A recent report highlights the most important of these programs available to military and veterans. On top of VA loans, veterans can expect to cut down their down payment entirely with these programs.

High down payments and the amount of time required to save for these payments are among the reasons for millennials not quite settling yet. Millennials lifestyles change over time, and a lower down payment could make a difference in the long run.

Buyers saving up to buy a home had better be patient. No matter what the city or what the age group, saving for a new home will take years‒‒in some cases, decades.

In housing markets where home values are constantly rising, first-time buyers often struggle with coming up with a down payment and end up renting versus buying a home.

The time to purchase a home is now, as lenders are loosening mortgage guidelines and the average down payment decreases. According to a report released today by LendingTree, an online loan marketplace, down payment percentages for conventional 30-year fixed rate purchase mortgages dropped from 17.59 percent in the fourth quarter of 2014 to an average of 16.98 percent for the first quarter of 2015.

According to the company's most recent data, the average down payment on conventional, 30-year fixed-rate loan offers made to LendingTree borrowers last quarter was 17.59 percent, up from 16.01 percent in the final months of 2013.

In findings released Tuesday, COUNTRY Financial revealed 89 percent of Americans in its most recent Security Index survey feel that buying a home is a key part of achieving the American Dream despite their recent memories of the crash. Even more promising, 64 percent of respondents expressed belief that owning a home is an attainable goal for a typical middle-income family, a significant improvement over last year, when just 41 percent said the same.