Latest / Mortgage Research Network Podcast
The Other Mortgage Market: 3 Million Buyers Outside the System
When traditional mortgages aren’t an option, millions turn to lease-purchase deals, land contracts, and seller financing—often with higher costs and fewer protections. In this episode, Tim Lucas and Craig Berry break down who’s using alternative financing, why it’s surging, and how to protect yourself if you’re considering it. You’ll learn:Who Uses It & Where: Over 3 million Americans; nearly 10% of rural buyers vs ~6% urban. Condos/duplexes see ~23% alternative financing vs ~3% for single-family homes.Why It Happens: Lenders often avoid small-dollar loans (<$150K) and manufactured homes…
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