Affordability Pressure
40%
Most first-time buyers say down payment and closing costs are a major barrier.
Empowering First-Time Homebuyers
Navigating the path to homeownership can be challenging, especially for young adults. Discover how FamilyPower FinancialTM is revolutionizing the journey.
Savings Hurdle
39%
About 39% report that simply saving enough for a down payment is a huge hurdle.
Homeownership Gap
38% vs 66%
Under-35 homeownership rate versus the overall U.S. homeownership rate.
The Real Struggles of First-Time Homebuyers Under 35
Sky-High Costs and Affordability Worries
Homes are expensive, and increased living costs plus mortgage rates near 7% can make budgeting for ownership difficult.
- Down payment and closing costs remain a top concern.
- Monthly mortgage, taxes, and insurance add pressure.
- Rising home prices continue to challenge affordability.
Debt and Financial Pressures
High rent, student loans, credit cards, and auto loans can reduce buying power and delay savings goals.
- Roughly 40% cite student loan debt as a key challenge.
- Inflation stretches household budgets further.
- Debt-to-income pressure limits purchase options.
Homeownership: The Path to Building Wealth
The largest source of wealth for Americans is responsible homeownership.
Median Net Worth of homeowners is forty times higher than renters.
Regardless of homeowner age, over the last fifty years, responsible home ownership has been the path to building wealth.
"Responsible home ownership means that you can afford the monthly mortgage payments, taxes, homeowner insurance and repairs."
What is FamilyPower FinancialTM?
FamilyPower FinancialTM is offered by innovative financial institutions. These mortgages are not sold into the traditional secondary market of FreddieMac, FannieMae and GinnieMae.
This means more flexibility, innovation, less bureaucracy and more 'make sense' underwriting.
This flexibility is at the core of FamilyPower FinancialTM: helping borrowers and their families work together to make home ownership more attainable.
Parents, grandparents, siblings, aunts, uncles, companies and churches can help.
How FamilyPower FinancialTM Works?
FamilyPower FinancialTM is traditional in that the first-time homebuyer owns the home and holds the Deed to their property.
Instead of expensive Private Mortgage Insurance, Loan Level Price Adjusters, and too many fees to count, FamilyPower FinancialTM lets your family and extended family help in a variety of ways:
