Sentences with phrase «typical homebuyer»
The phrase "typical homebuyer" refers to the common characteristics or behaviors of a majority of people who are looking to purchase a home. It is used to describe the general preferences and expectations of most individuals when it comes to buying a house. Full definition
If this second group is factored in, a downpayment of 25 % is a reasonable representation of the typical homebuyer.
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The actual impact on a typical homebuyer will be marginal, but this really depends on the buyer's budget.»
The actual impact on a typical homebuyer will be marginal, but this really depends on the buyer's budget.»
Today's fee cut will lower the cost of most FHA loans by 25 basis points, or one quarter of 1 percent, saving a typical homebuyer about $ 500 a year, Castro said.
[1] Home values in predominantly black communities also have a tendency to be much lower than home values in predominantly white communities, which means that the typical homebuyer in such a community can expect to spend less on a conventional mortgage payment than the typical homebuyer in a white community.
In Youngstown, OH and Decatur, IL, a typical homebuyer will need to pay an extra $ 23 every month for a home with a value of $ 89,000.
The typical homebuyer looks at three to five houses before buying, but if you wish to make a bargain purchase consider far more properties.
However, at a 4.4 % mortgage rate, the typical homebuyer needs to search for homes with a maximum purchase price of $ 847,700 to continue paying $ 3,820.
The monthly payment for a typical homebuyer is $ 3,820 at a 3.9 % mortgage rate and a 10 % down payment.
The actual impact on a typical homebuyer will be marginal, but this really depends on the buyer's budget.»
The typical homebuyer looks at about 10 homes over a dozen weeks, according to the National Association of Realtors.
According to a recent survey by the National Association of REALTORS ®, the typical homebuyer spends 12 weeks researching homes with 63 percent of that time spent online.