First Time Home Buyers Mortgage Challenge

By
Real Estate Agent with The Lewis Team at Keller Williams Cal BRE #01352522

First Time Home Buyers Mortgage Challenge

First Time Home Buyers in San Diego

First time home buyers were asked about their home buying process and their lending experience. From this report from JD Powers on US Primary Mortgage Origination Satisfaction Survey first time home buyers stated the following:

41% of first time home buyers said their representative completely explained the types of loans, terms. special programs, fees and options to reduce their down payment.

43% of first time home buyers do not completely understand the process.

44% of first time home buyers reported the closing agent didn’t completely explain all of the closing documents.

54% of first time home buyers do not fully understand the different loan options available to them.

First time home buyers are more likely to report challenges with understanding the mortgage process and the options available to them.

If you are a first time homebuyer in San Diego then please contact us and we can help you through the home buying process. We can also recommend you a lender that will fully explain all of the loan options available to you. 

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Topic:
Home Buying
Location:
California San Diego County San Diego Clairemont
Groups:
SAN DIEGO Real Estate Agents & Loan Officers
Chula Vista Real Estate Q and A
San Diego Real Estate and Homes
San Diego MLS MLS of San Diego
Keller Williams San Diego
Tags:
san diego real estate
first time home buyers
san diego first time home buyers
the lewis team
san diego keller williams
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Rainmaker
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

scary isn't it how many buyers have no idea what they are going through - even at the end of the process! 

Dec 01, 2016 08:26 PM #1
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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thanks for updating us on this report thru JD Powers and CAR on home buyers and the buying process.

Dec 01, 2016 10:27 PM #2
Rainmaker
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Mike and Dawn Lewis
The Lewis Team at Keller Williams - San Diego, CA
The Lewis Team at Keller Williams in San Diego CA

Thanks Michelle! 

Dec 08, 2016 05:59 PM #3
Rainmaker
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Mike and Dawn Lewis
The Lewis Team at Keller Williams - San Diego, CA
The Lewis Team at Keller Williams in San Diego CA

Lise, it really is. So many first time homebuyers don't understand the process. Agents and lenders need to step up their game if tey're not doing it.

Dec 08, 2016 06:00 PM #4
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Rainmaker
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Mike and Dawn Lewis

The Lewis Team at Keller Williams in San Diego CA
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