Sign up for GZERO Daily, our free newsletter on global politics
Scroll to the top

Bridging the affordability gap

Photograph of a group of Hispanic family members  dancing in the yard of a private home

Nearly a third (30%) of Hispanic homebuyers say high-cost rents make it hard to save for a down payment, according to Bank of America’s 2023 Homebuyer Insights survey. While many can afford monthly mortgage payments, the down payment and upfront closing costs pose a challenge.

Bank of America offers eligible buyers up to $17,500 in down payment and closing cost grants.

GZEROMEDIA

Subscribe to GZERO's daily newsletter