Latino Homebuyers Embrace ‘Familia Mortgages’
BMO data shows Latino borrowers increasingly pooling family resources to overcome affordability challenges and pursue long-term homeownership
BMO data shows Latino borrowers increasingly pooling family resources to overcome affordability challenges and pursue long-term homeownership
A recent report shows large banks trail non-banks in serving Latino borrowers, highlighting shifts in lending distribution across the state
Latinos added a net total of 349,000 homeowner households last year, per the National Association of Hispanic Real Estate Professionals.
The effort is specifically targeted toward Black and Latinx households.
Asian Americans/Pacific Islanders pay the most