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SaveMORE Loan » Blog Archive » Profile of Female Homebuyers

August 31, 2007

Profile of Female Homebuyers

by @ 1:50 pm. Filed under Uncategorized

 

Women buy homes for the same reasons as men and couples—pride of ownership, economic security, needing a larger or smaller space. They make up about one quarter of the U.S. housing market.

 

Women tend to buy near city centers at the lower end of the housing market—under $200K. They tend to be choosy about their physical location, and prefer condos to single-family homes. Naturally, security is a big concern.

 

Mortgage lenders have become savvy about this huge market, and are making it easier to women to become homeowners. Here are a few incentives offered to women:

 

Leniency on establishment of credit history

Divorcees have first-time homebuyer status, with all of the accompanying perks.

Child support counts as income, which helps them qualify for a loan

 

Link to first-time homebuyer tax rules: www.fairmark.com/rothira/first.htm

 

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