Learn more about cooperative banking and our impact in communities

5 Tips for Home Buyers

Written by National Cooperative Bank | Jun 21, 2024 6:07:39 PM

Homeownership is the American Dream. It’s a significant step towards building wealth, but people across the country are struggling to purchase a home. Why?

Limited Homes for Sale...and prices are high.  Plus, the Fed is raising interest rates.

However, homeownership is not a lost dream—it’s a long-term investment. Here’s how you can achieve it:

  1. Gain Speed with Bank Lenders
  2. Fix Financial Flaws
  3. Build your savings
  4. Understand your local market
  5. Set a realistic budget and stick to it

Find more tips, speak with a loan officer or visit the ABA Foundation at aba.com/consumers.

Blog post courtesy of the American Bankers Association.