Making homeownership attainable means dispelling myths, and addressing the gaps that stand in the way of everyday Americans building their wealth—and reaching their goals.
Some Americans face bigger barriers to homeownership, including:
(Source: Federal Reserve, Census Bureau)
Homeownership Rate at age 25–34
(Source: Urban Institute)
Saving for a down payment is the #1 hurdle to homeownership…
(Source: Center for Responsible Lending)
…but misconceptions about down payments are common.
(Source: Wells Fargo, NerdWallet)
Banks are committed to helping Americans become homeowners. For helpful information and consumer resources, visit aba.com/consumers.