Anyone who has saved for a down payment for a home knows it’s tough — especially for first-time homebuyers.
In 2018, the National Association of Realtors (NAR) found that for 13 percent of first-time homebuyers, said the most difficult step in the homebuying process was saving for a down payment.
It’s a misconception that a 20-percent down payment is required for a home purchase, when in reality, many home loan options exist that may be able to put consumers into a home for as little as three percent down. In fact, 77 percent of non-cash
first-time homebuyers in 2018 purchased a property using a down payment of less than 20 percent. Buying a home may be within reach — RE/MAX and Motto Mortgage put together a list of the most popular loan options for first-time buyers.
Finding the home that’s just right for your family starts with finding the right agent. Please consider The Myers Team your resource for all things real estate. We have over 30 years of real estate experience, specializing in the Montgomery County area. If you are refinancing, want a recommendation, need a service provider or just have a home related question, please give me a call at 301-910-9910 or email me at email@example.com.