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. Meanwhile, the share of FHA-insured mortgages to total mortgages in fell to 14% in May 2021 from about 20% in past years. It is extremely difficult for FHA/VA buyers to get accepted in a multiple offer situation.
Let's personalize your content