This is why millennials need a new credit scoring system

This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement
W S
The Ticker

Prospective buyers not knowledgeable about buying a home

/ Print / Reprints /
| Share More
/ Text Size+

Zillow revealed that one-third (34% to be exact) of first-time homebuyers are not aware that it is possible to get a home loan with a downpayment of less than 5%. In fact, the number of lenders on Zillow Mortgage Marketplace quoting loan requests with a down payment between 3.5 and 5% has risen by 570% over the past two years, Zillow writes on its blog.

To see what else prospective buyers do not know about homebuying, see Zillow's (Z) blog post.

Source: Zillow
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus