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Don't have 20% down? No problem!

When talking to renters who are considering making the leap to homeownership, there is usually one thing in particular that they say is holding them back: the down payment. According to the National Association of Realtors, 87% of first-time buyers think they need at least 10% to put down to buy a home. That means they would have to save up $20,000 to buy a $200,000 home. That simply isn’t the case. In fact, 61 percent of first-time buyers made an average down payment of zero percent to 6 percent, according to the November 2017 REALTORS® Confidence Index Survey.  ...

March 14th, 2018 Don't have 20% down? No problem!

Acadia Lending Group LLC

190 Riverside Street Unit 4B
Portland , Maine 04103

Phone: 207-899-4500

Fax: 207-899-4503

NMLS: 370636

 

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