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Are Common Myths Holding You Back from Buying a Home?
Real Estate

Are Common Myths Holding You Back from Buying a Home?

(c) adrian_ilie825/stock.Adobe.comThere are also millions of dollars available for down payment assistance. ■ Statepoint Aspirations of home ownership is strong for America’s families, yet findings from the fifth annual America at Home survey from NeighborWorks America indicate several perceived barriers to homeownership among the majority of consumers. Findings from the survey, which consisted of 1,000 U.S. adults and 500 millennials include many misconceptions about what it takes to buy a home: • The average millennial mistakenly thinks the minimum required down payment is 21.6 percent. • Approximately 73 percent of all consumers and 62 percent of millennials said they were not aware of or are unsure about down payment assistance programs

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