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Financing the Home Purchase
Dated: February 23 2022
Views: 96
Financing the Home Purchase
- 87% of recent buyers financed their home purchase.
- First-time buyers who financed their home typically financed 93% of their home compared to repeat buyers at 83%.
- For 61% of buyers, the source of the downpayment came from their savings. 56% of buyers cited using the proceeds from the sale of a primary residence, while 28% of first-time buyers used a gift or loan from friends or family for the downpayment.
Info from the NAR research and statistics site: https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers#homebuyers
Josh Barnett
Josh Barnett, a real estate agent with eXp Realty, who has been serving the real estate market for 19 years. During his career, Josh has helped 657 customers successfully close on their properties, an....
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