Making the move to homeownership
Buying a home is exciting. It’s also one of the most important financial decisions you’ll make. Are you ready for homeownership?
Three decades ago, over 80 percent of homebuyers were married. In 2016, only 66 percent were married. While married couples continue to make up the largest share of homebuyers, the share of single women buying homes has risen significantly since the mid-’80s. According to one national survey, in 2016 single women represented 17 percent of total home purchases, compared to 8 percent for unmarried couples and 7 percent for single men. No matter your relationship status, we can help make buying a home and shopping for a mortgage less complicated.
The CFPB’s Owning a Home website provides a full suite of online tools and resources for prospective homebuyers. The site empowers homebuyers with an interactive guide to the process of buying a home and finding a mortgage. Supportive tools and resources help people set expectations and think through key decisions such as how much they can afford to spend, which loan option is right for them, what range of interest rates they can expect, and how to ensure a smooth closing.