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Gen Z homebuyers like this Utah city the best

Mediafeed Logo By Tendayi Kapfidze of Mediafeed | Slide 2 of 54: One of the biggest challenges a potential homebuyer faces is affording a down payment on a home. This is especially true for younger homebuyers who usually lack the savings to make a substantial down payment without any help.So how are Gen Zers managing to make down payments?A recent survey by LendingTree found that 84% of Gen Zers surveyed are receiving some sort of down payment assistance. Of that number: 34% reported getting help from a parent 24% reported getting help from a friend or a family member who wasn’t a parent 13% reported getting help from their employer 13% reported getting help from a down payment assistance program

Nearly 1/4 of Gen Zers report receiving no down payment assistance

One of the biggest challenges a potential homebuyer faces is affording a down payment on a home. This is especially true for younger homebuyers who usually lack the savings to make a substantial down payment without any help.

So how are Gen Zers managing to make down payments?

A recent survey by LendingTree found that 84% of Gen Zers surveyed are receiving some sort of down payment assistance. Of that number:

  • 34% reported getting help from a parent
  • 24% reported getting help from a friend or a family member who wasn’t a parent
  • 13% reported getting help from their employer
  • 13% reported getting help from a down payment assistance program
© dragana991 / iStock
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