The Realtors group also says that 41 percent of first-time homebuyers in the state have abandoned the notion of putting their own money into the deal. Nationally, percentages are even higher.
Nearly 30 percent of buyers and 45 percent of first-time buyers no longer make down payments, says the National Association of Realtors.
“Frankly, I didn’t realize it was that easy to do,” says Doug Self, who used 100 percent financing last year to buy a house in Citrus Heights.
Well all the cool kids are doing it