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You Can Get into a Home For Less Than You Think!

October 9, 2019 by Tammy DeLeon 9 Comments

62% of Buyers Are Wrong About Down Payment Needs

62% of Buyers Are Wrong About Down Payment Needs | MyKCM

According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market:

“More than 6 in 10 (62%) Americans believe you must put at least 20% down in order to purchase a home.”

When potential homebuyers think they need a 20% down payment to enter the market, they also tend to think they’ll have to wait several years (in some markets) to come up with the necessary funds to buy their dream homes. The report continues to say,

“The truth: 32% of current U.S. homeowners put 5% or less down on their home, according to census data.” (as shown below):

62% of Buyers Are Wrong About Down Payment Needs | MyKCM

The lack of knowledge about the home-buying process is unfortunately keeping many motivated buyers on the sidelines.

Bottom Line

Don’t let a lack of understanding keep you and your family out of the housing market. Let’s get together to discuss your options today.

Filed Under: Real Estate Tagged With: buy a home, Buyers, Discover Willamette Valley, home ownership, indpendence oregon, Real Estate, Sellers, Willamette Valley

About Tammy DeLeon

I have lived in Corvallis for 30 years and raised my 3 boys here. I am married to a retired veteran, who treats me like a queen.
We love being close to the coast, the mountains and the big city life of Portland. We love the outdoors and enjoy hiking and camping with our family and friends.
My combined 15 years of building new construction homes and being a real estate professional, along with being a long-time business owner gives me the personal and professional skills to confidently guide my clients through each transaction.
The process of buying or selling a house can seem overwhelming and intimidating. It is my goal to simplify the process through exceptional communication, education and walking with you from finding a lender to handing over the keys to your new home.
I specialize in helping veterans buy homes with no down payment, retirees sell and downsize and help buyers go from renting to owning.

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