More Buyers Making Bigger Down Payments
More Buyers Making Bigger Down PaymentsNovember 15th, 2016
We’ve all heard that it can be tough for new buyers to afford a home these days, and that one of the common obstacles is that many aren’t able to save enough for that hefty down payment. Because there are a number of programs out there that help buyers borrow with less than 20 percent down, you might think that the number getting loans with the traditional down payment would be stagnant, but surprisingly that’s not the case. In a new report this month, it looks like more and more borrowers are putting 20 percent down now, and the numbers are continuing to trend upward.