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2 Myths Holding Back Home Buyers Myth #1: "I Need a 20% Down Payment" Buyers often overestimate the funds needed to qualify for a home loan. According to the same report: 22% of renters and 31% of homeowners believe lenders require 20% or more of a home’s sale price as a down payment for a typical mortgage today. And,

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Buyers overestimate the down payment funds needed to qualify for a home loan. According to the First quarter 2017 homeownership program index (hpi) from Down Payment Resource, saving for a down payment was the barrier that kept 70% of renters from buying. Rob Chrane, CEO of Down Payment Resource had.

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2 Myths Holding Back Home Buyers By gabe fitzhugh june 10, 2019 June 10, 2019 Freddie Mac recently released a report entitled, "Perceptions of Down Payment Consumer Research."

2 Myths Holding Back Home Buyers – There are a couple of myths floating around about home buyers. Have you been wondering what might be holding buyers back from buying your home? Many individuals think they need to put 20 percent down to buy a home. Others think they have to have a perfect FICO score.

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