Barriers to Accessing Homeownership Down Payment, Credit, and Affordability - 2018

Brief

Barriers to Accessing Homeownership Down Payment, Credit, and Affordability - 2018

Abstract

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.

Centers

Cross-Center Initiative

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