Market Opening up for First-Time, Low-Down Payment Buyers

Orange County Register, Aug. 25, 2022–Jeff Lazerson
Until recently, it’s been very difficult for any low-down payment buyers, first-timers or not, to be able to compete with all-cash offers or big down payment buyers. The last time I remember low-down payment buyers being able to compete was 2018.Mortgage purchase applications are down 21% from the same week one year ago, according to the Mortgage Bankers Association.