Realtor.com® Report Finds VA Borrowers Are More than Twice as Likely as Conforming Borrowers to Have a Low Down Payment
News Corporation - Class A (NWSA)
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Source: PR Newswire
Stockton, Calif, Des Moines, Iowa and Buffalo N.Y. Are the Top Three Metros Where Military Homeownership Rates Notably Exceed Non-Military Homeownership RatesSANTA CLARA, Calif., Nov. 11, 2024 /PRNewswire/ -- In honor of Veterans Day, Realtor.com® released new research today, which found that over the last year, more than 3 in 4 (74.5%) home sales with Veterans Affairs (VA) loans had a 0% down payment and nearly 8 in 10 (83.5% of) VA home loan sales had a down payment below 10%. Down payments are a major barrier to homeownership and this new research found a VA borrower is more than twice as likely as a conforming borrower to have made a low down payment, easing the up-front costs of homeownership."Realtor.com® compared loan characteristics of VA and conforming borrowers to highlight the many advantages that VA loans offer enabling Veteran households and the industry professionals working with them to better grasp the impact that this has on Veteran households and homeownership," said
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