Millennial Guide to

Homebuying & Mortgages

Built by Millennials, for Millennials.

Using data-driven decisions and technology to find and manage your dream home.

Mortgages

How much mortgage do I qualify for?

From mortgages to hard money loans, we've written about it all. Knowing how much mortgage you can borrow to purchase a home depends on three primary factors:

  • Your annual household income
  • Your credit score(s), which includes FICO
  • The total down payment (as a percentage of total home value)

Statistics

31

Average age of US homebuyer

80M+

Millennials living in the United States

>36%

Share of homes bought by Millennials

20M+

Households run by Millennials

Professional Tips for

 Homebuying & Mortgages

For Millennials

We wrote the guide we always wish we had when we went through the home buying and selling process. Our parents had it much easier — homes were much cheaper and their broker agent did all the work. Times have changed, Millennials must rely on technology to help them find their dream home.

HOME BUYING

The Millennial's Home Buying Checklist

Are you a first-time home buyer and not sure where to start? Or maybe you have a detailed question like which states require an attorney at closing. Either way, the process is a bit overwhelming and we’ve helped thousands of buyers navigate the complicated and costly maze of buying a home. We’ve created this thorough home buyer checklist for first-time buyers.

HOME OWNING

Add value to your home

Whether you own a new or an old house, a large or a small house, sooner or later you will want to remodel, upgrade, or deal with the necessity of repairs. By deciding which items you can handle on your own and which are better left to professionals you will be able to accomplish the repair in the best, most efficient fashion.

HOME SElling

First-time seller? We got you.

Want to know which upgrades will increase the appraisal value of your home? Or what about the mistakes to avoid when selling your house? Whatever the case, we've got you covered. From yardsales, to factors affecting resale values, to showtime! Each step of the way, we provide advice and guidance on your to get the most of your listing.

We've got you covered each step of the way


HOME INSPECTIONS

Who to hire & what to look for

Did you know there are many different types of home inspections? You could do your own DIY home inspection, which is totally understandable, but unless you are a seasonable contractor, it's very hard to know what to check for. Another option we strongly recommend is hiring a professional inspection expert because they know what to look for. And did you know that even sellers should do a prelist inspection before putting their home on the market.

REAL ESTATE AGENCY

What makes a real estate agent good or just average?

With the internet and apps replacing many of the services provided traditionally from real estate agents, many wonder, do I need a real estate agent? For starters, you definitely need a seller's agent. But the difference between a good agent and bad one can be hard for new buyers to tell.

Written by Millennials, for Millennials

Whether you're looking for a mortgage for a new home or selling your home for the first time, we've got you covered each step of the way. We started OurFamilyPlace to help Millennials navigate the world of home buying, home selling, and home owning. This includes what type of home to buy, what to know about home inspections, or even how to choose a Real Estate agent.

We even have an entire section dedicated to mortgages. This includes mortgage financing and loans, how to find a bank and home lender, and how to decide which mortgage is best for you. Whatever the financial concern, our experts are there to help you get along with the process.

What are you waiting for? Dive in!


Professional Tips for

 Homebuying & Mortgages

For Millennials

We wrote the guide we always wish we had when we went through the home buying and selling process. Our parents had it much easier — homes were much cheaper and their broker agent did all the work. Times have changed, Millennials must rely on technology to help them find their dream home.

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