Brief Barriers to Accessing Homeownership Down Payment, Credit, and Affordability - 2018
Laurie Goodman, Alanna McCargo, Bing Bai, Edward Golding, Sarah Strochak
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This paper provides data and commentary on three significant barriers to homeownership: saving for a down payment, accessing mortgage credit and housing affordability. The report also offers information about down payment assistance programs which can help borrowers overcome the first barrier to homeownership and data on the 21 million mortgage-ready millennials in 31 large metropolitan areas. This report is accompanied by an interactive map and a down payments quiz.

Research Areas Wealth and financial well-being Race and equity Housing finance Housing
Tags Asset and debts Racial and ethnic disparities Housing and the economy Single-family finance Credit availability Homeownership Financial products and services Housing affordability Inequality and mobility Opportunity and ownership Finance Racial barriers to housing Racial homeownership gap Family credit and debt
Policy Centers Housing Finance Policy Center