RETECHNOLOGY PREMIUM MARKETPLACE RELATED PRODUCTS | WEBINARS | SPECIAL OFFERS
You are viewing our site as a Broker, Switch Your View:
Agent | Broker Reset Filters to Default Back to ListInfographic: NAR Debunks 4 Common Down Payment Myths
October 04 2017
WASHINGTON, Oct. 3, 2017 -- Confusion and misconceptions surrounding down payment requirements may be one of the greatest barriers to homeownership. According to the National Association of REALTORS®' Aspiring Home Buyers Profile, 87 percent of non-homeowners believe a down payment of 10 percent or more is required to purchase a home. In reality, roughly 60 percent of homebuyers financed their purchase with a 6 percent or less down payment. NAR clears up this and several other myths regarding down payments.
The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing more than 1.2 million members involved in all aspects of the residential and commercial real estate industries.