Sentences with phrase «obstacle for homebuyers»
The downpayment on a first home is usually the biggest obstacle for homebuyers due to the fact that it is difficult to come up with a large chunk of cash.
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Fear is a major obstacle, especially for first - time homebuyers, and understandably so.
This program is designed for homebuyers to purchase a home anywhere in Travis County, including the City of Austin, by helping them overcome the obstacle of down payment costs.
First - time homebuyers in today's market face particularly taxing obstacles in their search for an affordable home: Many are millennials with record - level student debt, and perhaps rising rent costs that make saving money for a down payment difficult.
«Research shows that the down payment is the biggest obstacle for first - time homebuyers,» says John Morgan, founder and CEO of BoostUp.
«However, while much has been accomplished, the hefty price homebuyers are paying for government regulations represents just one more obstacle that home builders need to overcome in restoring the marketplace to normal conditions.»
One of the biggest obstacles for both first - time and experienced homebuyers is the down payment.
Saving for a down payment is one of the most commonly cited obstacles for today's homebuyers.
A USDA loan, formally known as the USDA Rural Development Guaranteed Housing Loan program, is an attractive program for homebuyers struggling to overcome one of the largest obstacles to achieving homeownership: down payment.
«While lower down payments may help pave a quicker path to homeownership for some prospective homebuyers, a bigger obstacle to homeownership is the additional non-mortgage debt many borrowers bring to the table,» says Daren Blomquist, vice president at RealtyTrac.
Many homebuyers cite saving funds for a down payment as one of their biggest obstacles on their path to homeownership.