Tapping a 401(k) for homeownership is risky business, experts say
Only about 40% of Americans are on track to meet retirement needs, and the average saver faces a $5,000 annual shortfall in retirement.
Down Payment Assistance
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How long does it take to save for a down payment in 2025?
Homebuyers now need seven years to save for a down payment, down from 12 years in 2022, but high-cost metros remain further out of reach.
Help exists for cash-strapped homebuyers — but many don’t know it
Three experts — a former agent, an economist and a down payment program founder — talk about the decline in housing affordability and what help is out there.
Click n’ Close pairs 5/1 ARM with down payment assistance for new homes
The program — called the SmartBuy 5/1 ARM Down Payment Assistance product — offers a first mortgage alongside a repayable second mortgage.
Survey: Down payment concerns delay homeownership for many
Among those who are postponing or not planning to purchase, one-third cite insufficient income as the primary obstacle.
NAR: Homebuyers still have down payment misconceptions
One of the most persistent misconceptions among aspiring homeowners is that a 20% down payment is required to buy a home.
Rocket plays the long game with its renter rewards program
The recently announced RocketRentRewards program from Rocket Mortgage — which the company says is the homeownership industry’s first offer to provide closing cost credits for renters — allows homebuyers who use Rocket as their lender to earn 10% back on their last 12 months of rental payments.
Veterans have down payment assistance options of up to $117K
Down Payment Resource highlighted 49 of the 2,400-plus assistance programs that offer up to $117,000 specifically for veterans.