With median and average home prices hovering near all-time highs above $300,000, it is more of a challenge than ever to save up enough for a down payment on the American Dream. By that same token, it is more intimidating than ever to plan ahead and save enough to make the 20 percent down payment necessary on those homes in order to avoid costly private mortgage insurance.
"Our goal is to provide educational tools and support for home buyers as they save for the down payment through an interactive website and a comprehensive 12-week home buying course," said Benjamin Feldman, Director of Content at Unison Home Ownership Investors
The ultimate intention of the Down Payment Movement is to support, encourage and motivate those looking to buy a house. To this end, the movement has set a goal of $1 million pledged among their contributors toward a down payment over the next year.
Visit www.downpaymentmovement.com for more information on the project
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