Bridging the Down Payment Gap: Strategies for Homebuyers

The average down payment on a home in the U.S. is around sixty thousand dollars, a significant hurdle for many, especially those under sixty-five with median savings of five to nine thousand dollars. Strategies to boost savings include down payment assistance programs, paying down debt, and using high-yield savings accounts. For those looking to accelerate savings, dipping into retirement accounts is an option, but it comes with long-term considerations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.