· For someone who is thinking of buying a first home, the idea of saving enough money for a 20% down payment can be daunting. The good news is a first-time buyer can purchase a home with as little as 3% down – and even no down payment in some cases. [RELATED: 7 Ways to Pay Off Your Mortgage Quickly.
First-time buyers made up 35 percent of all home buyers, an increase over. Buyers of new homes made up 14 percent and buyers of previously owned homes. Referrals continue to be the way that most buyers find their real estate agent.. Eighty-two percent of all buyers reported they view a home purchase as a good.