The Meadows Castle Rock | Millennials Flock Towards Low Down Payment Programs
The Meadows Castle Rock | Millennials Flock Towards Low Down Payment Programs
If you are thinking about purchasing a home in The Meadows in Castle Rock, you may already know it is a desirable neighborhood. With easy access to shopping, lots of parks and open space, easy access to I-25 with the opening of the new Castle Rock Parkway ramp and highly ranked Douglas County schools, you are not alone in wanting to live in the Meadows. As a real estate agent, I want to be assure you that I will provide you with the best buying experience with knowledge and expertise to guide you along the way.
Today I would like to talk to you about how Millennials Flock Towards Low Down Payment Programs.
Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less. This trend continues among all buyers who secure a mortgage to purchase their home with 73% making a down payment of less than 20%.
Chase points to a new wave of Millennial Homebuyers:
“We teamed up with Google to help us better understand what customers are searching for and how the home buying landscape is evolving. We found that millennials and first-time homebuyers are making a big splash in the market, and affordability remains top of mind.”
Among millennials who purchased homes, David Norris, Loan Depot’s Head of Retail Lending, said:
“”It’s clear from the survey results that Millennials have a lot of anxiety built up about the home buying process. There is good news, however, as there’s more flexibility than most Millennials think regarding how to qualify for a loan and what’s needed for a down payment.”
Real Estate Bottom Line
If you are a millennial who is thinking about buying a home in the next 6 months, let’s connect so I can answer your real estate questions.
Source: KCM Marcy Ruberto Blog
If you are a millennial or first time homebuyer, it’s important you have a knowledgeable agent on your side who is an expert in the local real estate market. I am happy to provide you with the most updated strategic information for your home purchase in The Meadows or anywhere in Castle Rock, Colorado.
To reach me, please call 303-638-6536 or email marcy@premierdenverhouses.com
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Thinking of Selling Your Home? Let me sell your home with my 10 Proven Strategies. Call or text 303-638-6536 for more information.
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