Millennials and home ownership
Because homeownership is credited with helping build wealth over time, it’s concerning to read this article and learn how difficult some of our younger citizens are finding it is to save a down payment and make their first home purchase. If this article applies to you, I will remind that FHA programs only require 3.5 percent in down payment, and there are other programs for 3 percent down. Call or email for a referral to a helpful mortgage loan officer.
Millennial mortgage problem: Down payments and expensive cities