Millennials Raid Retirement Funds for Down Payments
The day we’ve all been waiting for has finally arrived: Millennials are starting to buy homes.
The day we’ve all been waiting for has finally arrived: Millennials are starting to buy homes.
Nearly 30 percent of Millennials are tapping into their retirement savings for down payments, according to a new report from Down Payment Resource.
Financing a home purchase can be a challenge in the high-cost Bay State, but moving may not be a better option – a recent report from Down Payment Resources concludes it is increasingly difficult to be a first-time buyer in housing markets across the country.
A new report has found a record high number of assistance programs – more than 2,500 – are now available for today’s homebuyers, and the programs remained well funded in 2017.
Atlanta-based databank for homebuyer programs Down Payment Resource yesterday announced new partnerships with four mortgage lenders, including Fairway Independent Mortgage Corp., a national lender with 16 Massachusetts branches.