Ways To Overcome Affordability Challenges in Today’s Housing Market

Expand Your Search Area

With so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget.

Consider Alternative Financing Options

Work with a  trusted lender to learn about different loan options to determine what's right for you.

In response to the increasing mortgage interest rates, financial service providers are marketing alternative financing options that may offer opportunities for consumers to access lower rates in this relatively high-interest rate environment. - Consumer Financial Protection Bureau (CFPB) 

Search for Down Payment Assistance

There are more than 2,000 down payment assistance programs in the United States. Information is available through sites like Down Payment Resource if you want to learn more.

Bottom Line

If you've been searching for a home but are concerned about rising costs, make sure you have a team of trusted real estate professionals for expert advice.