The 3 Barriers to Homeownership in the Hispanic Community

The 3 Barriers to Homeownership in the Hispanic Community | Latina on Real Estate

The 2016 State of Hispanic Homeownership Report by NAHREP (the National Association of Hispanic Real Estate Professionals) highlights the barriers to Hispanic homeownership. Here is a summary of those barriers followed by an excerpt from the report:

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The Barriers to Homeownership in the Hispanic Community

The Barriers to Homeownership in the Hispanic Community | Latina on Real Estate

One in four U.S. adults say they are considering buying a home this year,according to Realtor Magazine. Talking about minorities in the same article, Holden Lewis, a mortgage analyst at Bankrate.com, said, “Now that the economy has improved and time has passed, maybe they‘re ready to jump back in and own a home again.

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The FICO Score Needed to Buy a Home

The FICO Score Needed to Buy a Home | Latina on Real Estate

Part of the American Dream is having the opportunity to own your own home! Unfortunately, some people believe that they don’t qualify to buy based on what they have seen in commercials or have heard from their friends; They believe that in order to buy, they need a FICO score of 800 or higher (which is the key number that we see in many commercials).

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