2 Myths Holding Back Home Buyers

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2 Myths Holding Back Home Buyers. Freddie Mac recently released a report entitled, “Perceptions of Down payment consumer research.” Their research revealed that, “For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home is their perception of how much they will.

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2 myths holding back home buyers – Urban Institute recently released a report entitled, "Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability," which revealed that, "Consumers often think they need to put more money down to purchase a home than is actually required.

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With that said, here are 4 common myths holding new home buyers back BUSTED!. 2. You Need Perfect Credit. 2008 basically blew this myth out of the water,

2 Myths Holding Back Home Buyers! By The KCM Crew Freddie Mac recently released a report entitled, "Perceptions of Down Payment Consumer Research." Their

 · Myth #1: “I Need a 20% Down Payment” Buyers often overestimate the funds needed to qualify for a home loan. According to the same report: 22% of renters and 31% of homeowners believe lenders require 20% or more of a home’s sale price as a down payment for.