Why do so many Millenials hesitate when it comes to homeownership? The answer may surprise you. According to Normura, an asset management company explains the trend -
“Analysts say it’s not that Millennials and other potential homebuyers aren’t qualified in terms of their credit scores or in how much they have saved for their down payment. It’s that they think they’re not qualified or they think that they don’t have a big enough down payment.”
Sound familiar? Well, according to Freddie Mac's VP, Christian Boyle,
"More than one in five borrowers who took out conforming, conventional mortgages in 2014 put down 10 percent or less."
This could be a reality for you too! We here at The Dragas Companies want to encourage all first-time homebuyers to not let fear keep them from The American Dream of homeownership. Contact the Dragas Mortgage Company today to see if you qualify. You may just be surprised. Be sure to visit dragas.com to choose your home.