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Millenials and Home Buying in the Bay Area

April 14th, 2015 | home buying, Bay Area, Millenials, purchase, first time home buyers

Millenials Infographic 2015

Millenials and Home Buying

In the Bay Area there are many people who fall under the Millenials age range. These are also the people which comprise much of the tech industry and higher income brackets. 

Though many are in the position to purchase a home they feel unsure due to a few factors; 

  • Affordability - many are unaware of first-time home buyer loans and down payment assistance programs. Holmgren + Associates has access to many of these options for  younger clients. 
     
  • Credit/Taxes - school debt is a big part of Millenial debt and many think that this type of credit debt is a majorobstacle to getting financing. This is not always the case when looking at the whole picture. 
     
  • Maintenance - home repairs and move-in costs can be costly. Not all properties require work and condo or townhomes can be great options for low maintenance costs for first-time home buyers. 

If you have questions about qualifying for a loan to buy a home contact us or get started and apply now!

Holmgren and Associates

DBA of Finance of America
4200 Broadway
Oakland, California 94611
Phone: 510-339-2121
NMLS 0910184/1071
 

Holmgren & Associates is a branch of Finance of America. We are a full service mortgage banker with an experienced staff offering expertise in residential mortgage lending, with primary focus on loans for home purchase, refinance, and reverse mortgages.

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©2019 Holmgren & Associates is a division of Finance of America Mortgage LLC |Equal Housing Opportunity | NMLS ID #1071 (www.nmlsconsumeraccess.org)| 300 Welsh Road, Building 5, Horsham, PA 19044 | (800) 355-5698 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act
Questions, comments, concerns? Send to customerrelations@financeofamerica.com 

This is not a commitment to lend. Prices, guidelines and minimum requirements are subject to change without notice. Some products may not be available in all states.  Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision.  Any materials were not provided by HUD or FHA. It has not been approved by FHA or any Government Agency.  A preapproval is not a loan approval, rate lock, guarantee or commitment to lend. An underwriter must review and approve a complete loan application after you are preapproved in order to obtain financing.  Questions, comments, concerns? Send to customerrelations@financeofamerica.com