How Much Downpayment Do I Need in Lancaster , PA ?

Reblogger Don Hess
Real Estate Agent with KW Elite Keller Williams 1280 Plaza Blvd. Lancaster, PA 17601 AB067316
https://activerain.com/droplet/59kL

 

 

 

This is a great article on the misconceptions

that many first time home buyers have about

loans. If you're thinking of escaping from the

rising rent cycle, call me.

 

Don Hess

KW Elite
Keller Williams Realty
1280 Plaza Blvd.
Lancaster, PA 17601
717-553-2500 Office
717-715-6288 Mobile
717-786-7967 Direct
donhess39@gmail.com 
activerain.com/dfh
Original content by Michael J. Perry

 

 

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

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

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!

 

 Your first step is obtaining Mortgage Pre-Approval ! Email mikeperrykw@gmail.com to get started .

 

Michael J. Perry

KELLER WILLIAMS Elite

www.lancaster4sale.com  

 

1280 Plaza Blvd. , Lancaster, PA 17601

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Longtime West Lampeter resident and Lancaster County Realtor!

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Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Pennsylvania Lancaster County Quarryville Solanco School District
Groups:
Chester County, PA
Southern York County
Berks County PA Homes for sale and info
South Central Pennsylvania Realtors
Lancaster PA Real Estate
Tags:
loan
buyer
down payment
home buying
first
time
percentage
requirements
amount
lancaster county pa
quarryville pa

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Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning Don Hess 

Thank you for sharing your information

Have a great day.

Jan 17, 2018 08:40 AM #1
Rainmaker
1,864,280
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

You might need NONE if you are a Veteran or use USDA'a 100% Financing !!!

Jan 17, 2018 01:01 PM #2
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