Down Payments at 3-Year Low for First-Time Home Buyers

Real Estate Agent with Remax Excellence - Silver Spring, MD Maryland #318884

Down payments on homes for sale in Silver Spring, MD have fallen to a three-year low.  Currently, the median down payment is 9 percent for first-time home buyers.  As low as this figure is, it's still much higher than it was during the housing boom when about half of all first-time buyers made no down payment.

After the housing crash, mortgage lenders tightened lending standards making it significantly harder to qualify for a home loan.  As a result, first-time home buyer programs allowed funds to come a variety of the following approved sources:  Continue Reading Down Payments at 3-Year Low for First-Time Home Buyers


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Home Buying
Maryland Montgomery County
RE/MAX Active Rain Bloggers
1st Time Buyers
Almost Anything Goes
Buyer Information - What Buyers Need to Know in Today's Market
realtor in silver spring md
buy a home in silver spring md
homes in silver spring md
realtors in silver spring md
real estate in silver spri

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Emcee M. Arah

Realtor w/Architectural Dimension, AHWD CRS B-Arch
Need help buying or selling real estate in Silver Spring MD?
Spam prevention

Additional Information