More Than Half of Buyers Now Put Down 20% or More
Pro Builder
JUNE 24, 2021
Rising down payments result in a drop of FHA and VA-issued mortgages, which insure zero and low down payment options. Mortgages that conform to Fannie Mae and Freddie Mac guidelines made up 74% of mortgages issued in May compared to 65% in 2018 and 2019. They are on the bottom of the hierarchy".
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