64.2% of Millennials Put Down Less than 20%

Here is a graph detailing the results:

Millennial-Down-Payment

This means that more and more American’s between the ages of 18 and 34 stopped paying their landlord’s mortgage and started building their own family’s wealth.

Millennials aren’t the only ones taking advantage of lower down payments.

The Federal Reserve Bank of New York found that if the down payment required to purchase a home went from 20% to 5%, a renter’s Willingness To Pay (WTP) increased by 40%.

Willingness-To-Pay

The problem is that thirty-six percent of Americans still think a 20% down payment is always required when buying a home. Many renters may actually be able to enter the housing market sooner than they ever imagined with new programs that have emerged allowing less cash out of pocket.

Bottom Line

If you are one of the many renters now realizing that the home of your dreams is obtainable, let's get together and discuss your options.


81ab0fed 1a8f 4133 9e2a c57a8c046da7 d2a95083 7ae8 4a30 8f05 98af4a98f5a2 975f11bc e01d 4e00 aef5 5a4c6bb4fb65 b8269fbe 0a57 4416 b0ec c4e31e49f393 b050c5c2 f1ce 4b10 87ab 136016d72c15 a6a7b5fb 6d4c 4bad a180 4d70925be6a9 62f44a4c 233e 4085 8064 73802ef78e25 1d7ccf07 69b1 42ee a8cb 741081abdd3f f2dafcbc 4508 40a2 9966 06a03ca7d670 80dd73ba 87fe 41d4 b91f f71de9ed18eb 6503784d 5d13 457b 885a f23df4cfef22 1cb07af5 c53f 4f7a 8011 3c32af018dda 82a7df4f 11ca 4211 9c2d cb9c45cab108 7a34f5e4 d5e5 4cb4 8776 95ae865c8727 3e0a438b 2755 4fa5 94a5 c0349a05e99d 25313898 fd14 4a9c 93f6 c144bb9cfca7 d391937a 599b 4ed7 83c3 64974d7b694f 8625ef34 9566 4be2 a485 0c546502d32c bee16f85 e515 4d7a 9ae7 5e3cfa417508 91e5bc69 2504 4663 a7ec 1d1ae55f0eba f5680c7a fe88 48db 934b 01a141b3df4b 4c149077 e55d 4de1 b6cb 42099a27af76 594a79eb e9d3 417c aae2 bc6565c43cbc