Fewer Home Buyers Putting Down Traditional 20% Down Payment
Although interest in home ownership remains strong across Georgia and the rest of the country, home buyers are increasingly having difficulties coming up with a traditional 20% down payment. Fewer than half of new home buyers put down 20% or more in 2018. In Atlanta, only 32% of home buyers made a down payment of 20% or more, due in part to the fact that Atlanta home buyers tend to be younger than the national average.
Buying or refinancing a home in metro Atlanta or anywhere else in the state of Georgia? Contact Peachtree Mortgage Services, Inc. at firstname.lastname@example.org.