Feeling down about your down payment? You're not alone.

But, don't worry, there is something you can do about it.

Feeling down about your down payment? You're not alone.

Are you struggling to afford a home purchase because of the savings required for a down payment? You're not alone. Research has consistently found that saving for the down payment is by far the most difficult step on the path to homeownership.

In fact, there are millions of people who can afford to own a home, but don't have the savings to buy one. The Joint Center for Housing Studies of Harvard University found there are over 15 million potential homeowners who are only priced out of the market due to insufficient savings. Meanwhile, it takes a first-time homebuyer with median income over 11 years to save a 10% down payment, and over 22 years to save 20%. It's no wonder that saving for a down payment is a daunting task!

But, we're not here to scare you off. We're here to help you tackle this challenge.

At Crib Equity, we understand the challenges of accessing homeownership, and we're here to help you overcome them. Last year it wasn't until at least 57 years old that a buyer's median down payment reached 20%! New home purchasing finance models are needed, as the current 20% down payment standard is no longer serving today's home buyers.

Source: National Association of REALTORS® 2022 Home Buyers and Sellers Generational Trends Report

We're here to help you overcome a down payment shortage and afford the type of home you want. By co-investing with you, our investment is made directly into your home, just like you. It's not a loan, and there's no additional debt or monthly payment while you own your home. When you're ready to sell (refinance or buy us out), we share in the appreciation gains as a co-owner, just like you. You might think of it as buying a home that helps pay for itself.

By helping the average homebuyer with a 10% down payment achieve a 20% down payment, we can lower monthly payments by up to 25%. Conversely, if more budget is your goal, we can unlock up to a 20% greater purchase price.

Example savings for a buyer of a $750k home with $75k available as their down payment

Take the first step towards homeownership today, knowing that you're building equity, investing in your future, and creating a place to call your own. We can plug directly into your current home search or connect you with great partners in your area to help.

Get in touch to learn more about how Crib Equity can help you achieve your dreams of owning a home and feeling the pride and accomplishment as you watch your investment grow and build equity.