Do 21 Million Under 40 Renters Know Their Homeownership Potential?

Saving for a down payment is a considerable barrier to homeownership. With rising home prices and interest rates and tight lending standards, the path to homeownership has become more challenging, especially for low-to-median-income borrowers and potential first-time homebuyers.

Yet most potential homebuyers are largely unaware that there are low– and no–down payment assistance programs available to help eligible borrowers secure an affordable down payment.

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Olympic Hopeful is a Real Estate Hero With Down Payment Resource

Amber Bennett is simultaneously pursuing two big goals – her dream to compete in the Olympics in beach volleyball and her real estate career.

“Most athletes need to find a flexible job to earn a living while training. As a Realtor, I can have a career on my terms without giving up my Olympic dream,” said Bennett.

A real estate law class at Tulane sparked her interested in real estate. Now, just four years after graduating, she’s reaching her peers in their mid- to late-20s with information about homeownership she knows they want. keep reading

Watch: Programs That Can Help You With a Down Payment on a Home

If you’re like most first-time homebuyers, the down payment is your biggest hurdle to getting into a home of your own. It makes sense — buying a home is likely the biggest purchase you’ve ever made and you don’t have the proceeds from a previous home sale to use for your down payment.

Down payment programs can help

Don’t overlook down payment programs that can help you buy much sooner. We helped The List TV Show highlight some of the options that can help buyers with the down payment.

Learn what resources are out there to knock down the down payment. Get the scoop on: down payment assistance, community hero programs, employer assisted housing programs, plus the real definition of a first-time homebuyer.

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