Interesting article – funny thing is, most of our properties here – even horse farms in central / Danville, Kentucky qualify for ZERO down – nothing, nada, $0. down loans. :-) New Government loans are available right now with nothing down. Call Ken for this info 859-494-5521
Most housing markets may be “offering” a blue light special on real estate all year long, but times have changed. The home buying process isn’t easy anymore.
Hands down, the biggest barrier to being a homeowners is saving up for a down payment(though this isn’t necessary a bad thing ’cause you should be putting at least 20% down. Letting people buy with zero down was one of many things that got us into this mess of a housing crisis). This especially rang true for Millennials (18-34 year olds) – 62% said this was among the biggest hurdles that they faced in trying to buy a home. On the flip side,qualifying for a mortgage and having a poor credit history were a bigger concern among Gen X’ers (35-54 year olds).