Cash-Strapped Consumers

Anyone who has ever saved the cash for a down payment for a home knows it’s tough – specifically for first-time home-buyers. In 2018, the National Association of Realtors (NAR) discovered that for 13% of first-time home-buyers, said the most challenging component of the home-buying process was saving for a down payment.

How Cash-Strapped Consumers Can Become Homeowners

It’s a misconception that a 20-percent down payment is necessary for a home purchase, when in reality, many home loan options exist that might be capable of putting consumers into a home for as low as 3 % down. The truth is, 77 percent of non-cash first-time home-buyers in 2018 obtained a property utilizing a down payment of under 20%. Purchasing a home could possibly be at your fingertips – We have put together a list of the most common loan choices for first-time buyers.

Ready to find your new home here in the Tampa Bay and Surrounding Areas? Nick, Cindy & Nicholas Davis with RE/MAX Premier Group are here to assist you with all your Real Estate Needs. We are always available at 813-300-7116 to answer your questions or you can simply click here and we will be in touch with you shortly.

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