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HousingWire: Military members most likely to utilize zero-down mortgages

on May 25, 2018 in All News by Amy Cola

NAR gives look into military homebuyer profiles

May 25, 2018 | Kelsey Ramirez
It’s Memorial Day! This weekend, as the U.S. takes an extra day off work, grills out and maybe even hangs out at the pool, it will also remember all its military members who died during active service.

In memory of those who serve our country, the National Association of Realtors released an infographic which shows how the home buying preferences of service members and veterans differ from the rest of the population.

Military members often face very different lives than the rest of the population, so it stands to reason that their preferences and actions when it comes to buying a home would also be different.

One of the most notable differences is the down payment, or lack thereof, according to NAR’s 2018 Veterans and Active Military Home Buyers Profile. About 56% of active duty members and 41% of veterans take advantage of zero down or 100% financed mortgages, compared to just 7% of non-military members.

To view the complete article, and associated infographic, visit HousingWire 

Courtesy of HousingWire

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