42% of Home Purchases - No Money Down
The 20-percent down payment, once the first hurdle to homeownership, is now the exception rather than the rule. According to a recent survey by the National Association of Realtors, in fact, 25 percent of all buyers financed 100 percent of the purchase price, and 42 percent of first-time home buyers bought with no money down.
See: Risky Real Estate Moves
http://money.cnn.com/2005/03/07/real_estate/financing-
/riskyloans/index.htm
See: Risky Real Estate Moves
http://money.cnn.com/2005/03/07/real_estate/financing-
/riskyloans/index.htm
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