Owning your own home is part of the American dream. In fact, according to a new survey of 2,000 Americans commissioned by Unison, 77% agree that buying a home is a good financial decision. So, why are home ownership rates at an all-time low?
“In Los Angeles, for example, 42% of those surveyed believe that saving for a down payment is the biggest financial barrier to home ownership,” Unison Real Estate Educator Lara Watson explained.
In today’s real estate market, future homeowners are looking at about a 20% down payment when buying a home – making the dream of homeownership out of reach for some. But the good news? Unison is making this financial costs less burdensome with a new program called Home Ownership Investment.
This program doubles the buyers own down payment which removes that mortgage insurance stipulation and increases purchasing power – allowing buyers to comfortably afford that home they really want.
To learn more about how you can make your dream home a reality, watch the full segment below or see it air nationwide on California Life with Heather Dawson.