Down payments

Owensboro's continued place on a list of U.S. cities attracting millennial home buyers is once again attracting media attention.

Just to keep up with rising home prices in the Seattle area, would-be buyers needed an $11,000 pay raise in the past year to afford the typical mortgage.

New Penn Financial has entered into a pilot program to provide mortgage financing to participants in Home Partners of America's Lease Purchase program.

Sometimes reaching underserved borrowers takes experimenting with changes to the mortgage finance system. That's why Fannie Mae and Freddie Mac are working with lenders to test innovative loan products that meet borrowers' evolving needs.

Potential first-time home buyers can save money for a down payment if they are able to use a special account just for that purpose.

Over half of mortgage industry executives anticipate first-time home buyer growth in 2018, estimating that market will grow at a faster pace than the overall housing market, according to Genworth Financial.

A real estate agent allegedly duped two home buyers into thinking they had purchased a Boynton Beach, Fla., residence but instead pocketed their down payment and monthly payments, according to an arrest report.

With home values projected to rise in every major U.S. metro in 2018, a 20% down payment will cost thousands of dollars more, according to Zillow.

An emerging group of local entrepreneurs is taking up arms against the sky-high cost of living in the Bay Area, hoping to end once and for all the housing crisis crippling the region.

Homes on Staten Island are reaching "unaffordable levels," at a time when there are less homes on the market than buyers who want to purchase them.