Oct 10 2019 68693 1

Dated: 10/09/2019

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62% of Buyers Are Wrong About Down Payment Needs

62% of Buyers Are Wrong About Down Payment Needs | MyKCM

According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market:

“More than 6 in 10 (62%) Americans believe you must put at least 20% down in order to purchase a home.”

When potential homebuyers think they need a 20% down payment to enter the market, they also tend to think they’ll have to wait several years (in some markets) to come up with the necessary funds to buy their dream homes. The report continues to say,

“The truth: 32% of current U.S. homeowners put 5% or less down on their home, according to census data.” (as shown below):

62% of Buyers Are Wrong About Down Payment Needs | MyKCMThe lack of knowledge about the home-buying process is, unfortunately, keeping many motivated buyers on the sidelines.

Bottom Line

Don’t let a lack of understanding keep you and your family out of the housing market. Let’s get together to discuss your options today.


Always Serving In Your Best Interest! 

Yusuf Abdul-Wadoud

Your Trusted Real Estate Consultant, For Life!

HomeSmart Advantage Group 

Phone: 520.403.3879

Website: www.LiveInTucsonAz.com 

Guaranteed Service Guaranteed Results!


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Yusuf Abdul-Wadoud

I have been in the Real Estate Business in one way or another since Nov 2002. I am a graduate in Business from The University of Arizona with an emphasis in Management Information Systems. After gradu....

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