Recent
Survey Results and What is Available for Real Estate Finance
According
to the survey, which included about 1,500 respondents, 70 percent of non-homeowners
have no plans to purchase a home in the next 12 months and nearly half
in the 18 to 34 age group say the reason is because it’s too costly.
While those in the 35 to 44 age group are concerned that they might not
be able to qualify for a home loan. The survey also found that only 12
percent of the non-homeowner respondents said they expect to buy a home
in the next 12 months.
When has it been more affordable???
Rates are below 6%
Home Prices are low
There are still programs… - just to name
a few -
- FHA 97% financing with seller paying up to 6%
of the sales price towards buyers closing costs. Rates under 6%
- RD - 100 % financing with seller paying all
closing costs. – rates under 6%
- VA – 100 % financing with seller paying
all closing costs. – rates under 6%
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