Is down payment assistance for everyone?

Homeownership programs are available nationwide, and the average down payment assistance benefit is currently between $10,000 and $12,000. These programs can help homebuyers get into a house sooner than they may think and give them a valuable cash cushion for other expenses, like the home inspection and possible repairs.

But what does it take to qualify for down payment assistance? keep reading

We Can’t All Rely on the Bank of Mom and Dad

Home prices are increasing faster than incomes, especially for younger households. Add in things like the pandemic and student loan debt, and it’s hard for many to see a path to homeownership.

Many millennials are turning to the bank of mom and dad. A recent report from Apartment List found that 63 percent of millennials surveyed do not have any savings for a down payment, and more than 20 percent expect financial help from family towards a down payment. keep reading