[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2c7iun0kx01s5":3,"$ffeh0925h8cuz":33,"$fbwk2pqjjqsc7":37},{"item":4,"previous":23,"next":28},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":21,"updatedAt":22},162,"buying-a-home-with-as-little-as-3-5-down-payment","Buying a Home with as Little as 3-5% Down Payment","\r\n\r\nWe have recently reported on the misconception that many buyers have regarding the down payment necessary to purchase a home. Multiple studies reveal that 40-50% of Americans believe you need between 15-20% of a down payment to be eligible to pur...","","blog","https:\u002F\u002F\u002F","\u003Cimg class=\"alignnone size-full wp-image-29555\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2014\u002F10\u002FPocket-Change.jpg\" alt=\"Buying a Home for as Little as 3-5% Down | Simplifying The Market\" width=\"600\" height=\"315\" \u002F>\r\n\r\nWe have \u003Ca href=\"\u002F2014\u002F07\u002F16\u002Fhow-much-of-a-down-payment-do-you-actually-need\u002F\">recently reported\u003C\u002Fa> on the misconception that many buyers have regarding the down payment necessary to purchase a home. Multiple studies reveal that 40-50% of Americans believe you need between 15-20% of a down payment to be eligible to purchase a home.\r\n\r\nThis misconception came about as the government just last year debated \u003Ca href=\"\u002F2013\u002F01\u002F23\u002Fwill-20-soon-be-the-minimum-down-payment-on-a-home\u002F\">new guidelines\u003C\u002Fa> for residential mortgages because of the housing collapse in 2007. Some were arguing that there should be a minimum of 20% or even 30% down payment on all mortgage loans. \u003Cstrong>\u003Cem>However, those standards were never implemented.\u003C\u002Fem>\u003C\u002Fstrong>\r\n\r\nTo counter this misunderstanding, Christina Boyle, \u003Cem>Freddie Mac\u003C\u002Fem>’s VP and Head of Single-Family Sales & Relationship Management, in a recent \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fnews\u002Fblog\u002Fchristina_boyle\u002F20140616_mortgage_down_payments.html\">Executive Perspectives\u003C\u002Fa> explained that a person \u003Cem>“can get a conforming, conventional mortgage with a down payment of as little as 5 percent”\u003C\u002Fem>.\r\n\u003Ch3>\u003Cstrong>3% Down Payments Available Soon?\u003C\u002Fstrong>\u003C\u002Fh3>\r\nJust last week, \u003Cem>Federal Housing Finance Agency\u003C\u002Fem> Director Mel Watt \u003Ca href=\"http:\u002F\u002Fwww.housingwire.com\u002Farticles\u002F31778-fhfa-director-announces-changes-to-open-fannie-freddie-credit-boxes\">announced\u003C\u002Fa> that mortgages requiring only a three percent down payment may soon be available:\r\n\u003Cblockquote>\u003Cem>“To increase access for creditworthy but lower-wealth borrowers, FHFA is also working with the Enterprises to develop sensible and responsible guidelines for mortgages with loan-to-value ratios between 95 and 97 percent. Through these revised guidelines, we believe that the Enterprises will be able to responsibly serve a targeted segment of creditworthy borrowers with lower-down payment mortgages by taking into account “compensating factors.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you are saving for either your first home or that perfect move-up dream house, make sure you know all your options. You may be pleasantly surprised.","\r\nIf you are saving for either your first home or that perfect move-up dream house, make sure you know all your options. You may be pleasantly surprised.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2014\u002F10\u002FPocket-Change.jpg",false,[17],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers","2014-10-30T10:00:47Z","2014-10-30T17:34:31Z",{"id":24,"slug":25,"title":26,"featuredImage":11,"publishedAt":27,"contentType":10,"isVideo":15},161,"gallup-poll-real-estate-best-long-term-investment-2","Gallup Poll: Real Estate Best Long-Term Investment","2014-10-29T10:00:36Z",{"id":29,"slug":30,"title":31,"featuredImage":11,"publishedAt":32,"contentType":10,"isVideo":15},163,"taking-the-spooky-out-of-the-mortgage-process-infographic","Taking the Spooky Out of the Mortgage Process [INFOGRAPHIC]","2014-10-31T10:00:49Z",{"cover":34,"open":35,"shareSpread":36},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[38,42,43,47,51,55,59,63,67,71,75,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151],{"id":39,"name":40,"slug":41},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":44,"name":45,"slug":46},6,"For Sellers","sellers",{"id":48,"name":49,"slug":50},7,"Foreclosures","foreclosures",{"id":52,"name":53,"slug":54},8,"Infographics","infographics",{"id":56,"name":57,"slug":58},9,"Home Prices","home-prices",{"id":60,"name":61,"slug":62},11,"First-Time Buyers","first-time-buyers",{"id":64,"name":65,"slug":66},34,"Senior Market","senior-market",{"id":68,"name":69,"slug":70},35,"Mortgage Rates","mortgage-rates",{"id":72,"name":73,"slug":74},38,"Move-Up","move-up",{"id":76,"name":77,"slug":78},41,"For Sale by Owner","for-sale-by-owner",{"id":80,"name":81,"slug":82},42,"Featured","featured",{"id":84,"name":85,"slug":86},45,"New Construction","new-construction",{"id":88,"name":89,"slug":90},52,"Luxury \u002F Vacation","luxury--vacation",{"id":92,"name":93,"slug":94},53,"Rent vs. Buy","rent-vs-buy",{"id":96,"name":97,"slug":98},80,"Time-sensitive","time-sensitive",{"id":100,"name":101,"slug":102},81,"Outdated","outdated",{"id":104,"name":105,"slug":106},147,"Internal","internal",{"id":108,"name":109,"slug":110},148,"Do Not Autopost","do-not-autopost",{"id":112,"name":113,"slug":114},320,"Inventory","inventory",{"id":116,"name":117,"slug":118},321,"Agent Value","agent-value",{"id":120,"name":121,"slug":122},322,"Affordability","affordability",{"id":124,"name":125,"slug":126},323,"Buying Tips","buying-tips",{"id":128,"name":129,"slug":130},324,"Downsize","downsize",{"id":132,"name":133,"slug":134},325,"Economy","economy",{"id":136,"name":137,"slug":138},326,"Equity","equity",{"id":140,"name":141,"slug":142},327,"Forecasts","forecasts",{"id":144,"name":145,"slug":146},328,"Selling Tips","selling-tips",{"id":148,"name":149,"slug":150},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":152,"name":153,"slug":154},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]