ICE Mortgage Technology surveyed over 2,000 individuals in the U.S. to understand their priorities and preferences when looking for a lender.
- More than half (53%) of borrowers pointed to having flexible loan options as their primary priority when looking for a lender. Almost half (49%) said a flexible down payment was necessary.
- Saving money is the most significant concern for respondents. Finding the lowest interest rate and low lender fees were among the top three concerns of borrowers.
- Finding low interest rates was significant to Baby Boomers, and younger generations were interested in finding various loan terms and product options.
- Six out of 10 renters said they would be more likely to buy a house if there was a program to address down payment challenges.
- 53% of renters said they would be more inclined to buy a house if there were programs to address poor credit scores.
