Should Home Loans Have a Minimum 20% Down Payment?

Banking regulators are proposing the requirement of a minimum 20% down payment of the sales price for a home loan.  Proponents hope that the change will prevent another
housing crisis because loans with a 20% down payment are classified as lower-risk.

Opponents of the proposal argue that the restriction could lower home values, and affect creditworthy American’s ability to buy a home.  Additionally, the number of first time home purchases could be reduced significantly because few buyers can save over $50,000 to buy a $250,000 average, low priced home.

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About David Norwood - Central Coast Real Estate

ABOUT DAVID NORWOOD Real Estate Broker DRE# 01260196 - 805-270-5860 David@Dnorwood.com http://dnorwood.com David Norwood owned a marketing, design, and photography studio in Los Angeles for 25 years, from 1976 to 1999. He also worked as a Licensed Real Estate Appraiser from 1994 to 1999. After moving to the Central Coast in 1999, he worked as a Realtor/Associate, and shortly afterwards earned a Real Estate Brokers License. Now he has his own brokerage company, David Norwood Central Coast Real Estate. Licensed Real Estate Broker #01260196 Licensed Real Estate Appraiser exp. Master of Science Degree, Cal Poly BA Art / Marketing, Photography and Design Areas Served- All of the Central Coast including, but not limited to: Arroyo Grande, San Luis Obispo, Oceano, Grover Beach, Nipomo, Morro Bay, Cambria, Santa Maria, Cayucos, Los Osos, Santa Margarita, Atascadero, Templeton, Paso Robles, Avila Beach, Pismo Beach and Shell Beach;
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