McFadden Minutes Header.png

Financial Assistance Programs to Help First-Time Home Buyers in the D.C. Area

Posted by Hunter McFadden on Oct 4, 2017 7:47:51 AM

Investing one’s savings and taking on the long-term financial obligation of a home is daunting. But the payoff is extremely lucrative. Homeowners are 38 times wealthier than renters, states a CNBC report. 49% of millennials say that buying a home will most likely be their next step, says a survey by Fannie Mae. But the same survey states that 57% of young renters cited financial reasons for not buying a home. Poor credit, high down payment costs, a low monthly income, and too much existing debt were cited as the main obstacles.

Read More

Topics: Millennials, D.C. Metro Area, First time home buyers, Mortgage payments, Financial Assistance


Hunter McFadden is a third-generation realtor in the Washington, DC area, offering extensive knowledge of the market and trusted personal service to homebuyers and sellers. or 703-862-6840. 

Subscribe to Email Updates

Recent Posts