There’s no doubt Tampa Bay’s millennials are buying homes, but the number of millennial homeowners nationwide still trails older generations.
Student loan debt is a factor. In fact, 41% of college-educated Americans cite student loans as a reason for postponing homeownership.
Many lenders are implementing creative programs to ease the student debt burden. Eagle Home Mortgage, for example, is partnering with homebuilder Lennar to pay up to 3% of a home’s sale price toward buyers’ student loans (that’s $7,500 for a $250,000 home).
The program is being offered first come, first served to 200 eligible homebuyers nationwide.