[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fts13ozkou2b1":3,"$ffeh0925h8cuz":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":30,"next":36},{"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":29,"updatedAt":29},1455,"62-of-buyers-are-wrong-about-down-payment-needs","62% of Buyers Are Wrong About Down Payment Needs","Contrary to common misconception, a down payment is often much less than many believe.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F10\u002F03110033\u002F20191007-Share-KCM.jpg","Contrary to common misconception, a down payment is often much less than many believe.\u003C!--more-->\r\n\r\nAccording to the ‘\u003Ca href=\"https:\u002F\u002Fwww.nerdwallet.com\u002Fblog\u002F2019-home-buyer-report\u002F\">\u003Cem>2019 Home Buyer Report\u003C\u002Fem>\u003C\u002Fa>\u003Cem>’\u003C\u002Fem> conducted by \u003Cem>Nerdwallet\u003C\u002Fem>, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market:\r\n\u003Cblockquote>\u003Cem>“More than 6 in 10 (62%) Americans believe you must put at least 20% down in order to purchase a home.” \u003C\u002Fem>\u003C\u002Fblockquote>\r\nWhen potential homebuyers think they need a 20% down payment to enter the market, they also tend to think they’ll have to \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2019\u002F04\u002F29\u002Fhow-quickly-can-you-save-your-down-payment\u002F\">wait several years\u003C\u002Fa> (in some markets) to come up with the necessary funds to buy their dream homes. The report continues to say,\r\n\u003Cblockquote>\u003Cem>“The truth: 32% of current U.S. homeowners put 5% or less down on their home, according to census data.” (as shown below):\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F10\u002F20191007-MEM.jpg\">\u003Cimg class=\"aligncenter wp-image-40917\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F10\u002F20191007-MEM.jpg\" alt=\"62% of Buyers Are Wrong About Down Payment Needs | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>The lack of knowledge about the home-buying process is unfortunately keeping many motivated buyers on the sidelines.\r\n\u003Ch3>\u003Cstrong> Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nDon’t let a lack of understanding keep you and your family out of the housing market. Let’s get together to discuss your options today.","\r\nDon’t let a lack of understanding keep you and your family out of the housing market. Let’s get together to discuss your options today.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F10\u002F20191007-MEM.jpg",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},11,"First-Time Buyers","first-time-buyers",{"id":26,"name":27,"slug":28},38,"Move-Up","move-up","2019-10-07T10:00:55Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":15},1454,"homebuyingacronyms","5 Homebuying Acronyms You Need to Know [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F10\u002F02130818\u002F20191004-Share-KCM.jpg","2019-10-04T10:00:40Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":15},1456,"what-fico-score-do-you-need-to-qualify-for-a-mortgage","What FICO® Score Do You Need to Qualify for a Mortgage? 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