Low down-payments for first-time buyers
Regan Hagestad
April 2, 2014
During the recent housing bubble, borrowers were often taking out mortgages with far less than a 20% down-payment. Down-payments have been as low as 6%, or even less. The National Association of Realtors’ latest Confidence Index Survey shows that fewer first-time buyers had mortgages with 6% or less down compared to 2009. With private mortgage insurance making a comeback in 2011,
