down payment Archive

Down Payments Across the U.S.

A majority of buyers finance their home purchase with a down payment of 6 percent or less. How much does that actually amount to? Here is what a 6 percent down payment looks like in 5 major U.S. housing...
November 28, 2017

The Anatomy of a First-time Buyer in 2017

Prospective first-time buyers in recent years have had to navigate several obstacles on their path to homeownership, including higher rents and home prices, tight inventory conditions and repaying student loan debt. These impediments are a big reason why first-timers...
November 14, 2017

Infographic: A Dollar a Day: Simple Ways to Save For a Down Payment

Approximately 60 percent of homebuyers financed their home using a 6 percent – or less – down payment, according to data from the National Association of REALTORS®. With the most recent median existing-home price clocking in at $258,300, a...
September 6, 2017

Fannie Mae Offers Help to Homebuyers Struggling with Down Payment

Home prices are on the rise around the country, and down payments are naturally rising with them. But Lisa Tartar of Fannie Mae’s Community Lending Team told an audience at the REALTORS® Legislative Meetings & Trade Expo in Washington,...

The Myth of the 20 Percent Down Payment. What You Should Know.

Repeat after me: you don’t necessarily need a 20 percent down payment to purchase a home. In the 35 year history of NAR’s Profile of Home Buyers and Sellers – the longest-running survey series of national housing data –...
September 14, 2016

Story Idea—Only Able to Afford a Small Down Payment for Your First Home? You’re in Good Company

Many first-time buyers are overwhelmed by all the questions to ask before jumping into homeownership. People often wonder, “Am I ready? Is this a good investment for me? Can I afford it? Will I live here long enough to...
May 7, 2015