Millennials, who are known for living urban lifestyles and looking down upon moving to the suburbs, are doing just that- moving to the burbs. Only 17% of millennials bought urban houses in the past year.
As the generation matures, their needs are changing. Millennials around the age of 30 are a fast growing segment of the first time buyer market. They’ve said so long to dive bars and high rise apartments and hello to wedding rings, diapers, and single family homes.
Choosing the right mortgage for your first home purchase can be tricky. Is FHA the best option or should I choose the 3% down conventional loan with NO PMI? Coastlend Mortgage has the knowledge and know how to find you the best mortgage for your situation. For more information on the NO PMI Loans click here, or you can get a free quote by clicking Apply Now .
High prices in the big city coupled with student loan debt is making it difficult for millennials to buy in the big city however it just got more affordable using one of Coastlend’s 3% down NO PMI loans.