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A Central Information Source on Down Payment Trends

Monday, December 31, 2018

As the shortage of affordable housing worsens, low down payment mortgages are playing a vital role in helping families become homeowners and stimulating housing demand.

Consumers today have at their disposal an extraordinary variety of low down payment options—from FHA, some 2,500 plus homeownership programs, and the newest products offered by America’s leading lenders. However, public awareness of the opportunities to buy a home with a low down payment is still surprisingly low, according to recent surveys. 

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Category: Housing

City of Elk River Economic Development
13065 Orono Parkway | Elk River, MN  55330
phone 763.635.1000