As many as 40% of the homes sold in the U.S. in July were purchased in cash, up from 31% a year earlier, according to data published last week.
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Tag Archives: down payment
Mortgages with 10% or less down are on the rise
In another sign of the housing market’s brightening outlook, more home buyers are discovering conventional loans with down payments well below the 20% or higher levels of recent years.
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No Money? No Worries. Home Lenders Ease Up Rules
As housing heads into the critical spring market, credit is finally beginning to thaw. Lenders are increasingly approving low down payment loans, and government sponsored mortgage giant Fannie Mae is buying more of them.
It is a noticeable shift from the last four years, when 20 percent down on a home purchase loan was the only game in the neighborhood.
Read more: http://www.cnbc.com/id/100548913
To Givers of Down Payments
HOME buyers trying to scrape together enough money to cover the typical 20 percent down payment frequently look to relatives for help.
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