Why More Buyers Aren't Putting 3 Percent Down

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February 24, 2015

RealtyTrac noticed that more homebuyers are paying more money down despite an increase in programs that allow them to do the opposite.

The study analyzed down payments of nearly 20 million home purchase loans from 2004 to 2014 and found that today’s “post-recession buyers have cash reserves and don’t really need low-down-payment loans to buy,” Realtor.org reports.

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