US Average Down Payment Percentage Falls to 15.73% in Q3 2013

“Lenders are putting more focus on purchase mortgages and are adjusting minimum requirements to attract borrowers,” said Doug Lebda, LendingTree founder and CEO. “With home values improving, the risk of borrowers defaulting on loans has decreased, giving lenders more confidence to lend with less cash down from qualified borrowers.”

 

 

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As always, let us know how we can help you find the home of your dreams in Laguna Beach, Newport Beach, the Laguna’s, Dana Point and our coastal inland citiesplease contact us!

 

Make it a great day!

 

Jeff

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