searchtampahomesforsale: Why are Average Down Payments Shrinking? - 09/13/20 06:31 AM

Why are Average Down Payments Shrinking When Buying a Home?
 
Most of today’s first-time Tampa FL area home buyers are aware that they’re no longer tied to strictures laid down in previous eras—especially the one dealing with 20% down payments. For buyers with stellar credit histories, that’s horse-and-buggy material. Last year, the U.S. average down payment was just 12%—but for first-timers, that average dropped to 6%!
 
Relaxing steeper down payment requirements makes sense for everyone. It expands the field of buyers, so sellers and lenders benefit. But most of all, for first-time homebuyers who would need many years to save up the cash … (3 comments)

 
David Tipton, GRI, ePro, SRES, Real Estate Broker - Tampa (Grady David Tipton Brokerage)

David Tipton, GRI, ePro, SRES

Real Estate Broker - Tampa

Tampa, FL

More about me…

Grady David Tipton Brokerage

Address: Tampa,, FL

Mobile: 813-541-5427

David Tipton's Blog is one Real Estate Brokers thoughts, opinions and experiences concerning the real estate industry, real estate information and education for home buyers and sellers in the Tampa Bay Area. Sprinkled in will be local Tampa area highlights and things to do. Checkout our website: TampaActiveAdultLiving.Com


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