Buying a home for the first time is a big undertaking that can be exciting, frustrating and expensive. Saving up for a down payment, getting approved for a mortgage and covering closing costs are just ...
Even in a relatively affordable state like Ohio, buying your first home can be a challenge. Rising interest rates, upfront costs and limited inventory in some cities make it tough to break into the ...
In 2025, the median down payment for first-time homebuyers was 10% — the highest median since 1989, according to the National ...
Builders and lenders are increasing incentives like grants, price reductions, and mortgage rate buy-downs for first-time buyers in 2026. NAR sees these trends as key to improved affordability. AI ...
Progressive reports that first-time homebuyers face barriers like high prices and outdated beliefs, but new resources and loans are helping make homeownership achievable.