{"id":6063,"date":"2014-02-20T13:26:47","date_gmt":"2014-02-20T13:26:47","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=6063"},"modified":"2014-02-20T13:26:47","modified_gmt":"2014-02-20T13:26:47","slug":"families-step-lenders-help-kids-buy-home","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/families-step-lenders-help-kids-buy-home\/","title":{"rendered":"Families Step in as Lenders to Help Kids Buy a Home"},"content":{"rendered":"<h2>Families Step in as Lenders to Help Kids Buy a Home<\/h2>\n<div id=\"attachment_6064\" style=\"width: 266px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/02\/ID-10046806.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-6064\" class=\"size-full wp-image-6064\" alt=\"Families Step in as Lenders to Help Kids Buy a Home.  Image courtesy of  photostock \/ FreeDigitalPhotos.net\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/02\/ID-10046806.jpg\" width=\"266\" height=\"400\" srcset=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/02\/ID-10046806.jpg 266w, http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/02\/ID-10046806-199x300.jpg 199w\" sizes=\"auto, (max-width: 266px) 100vw, 266px\" \/><\/a><p id=\"caption-attachment-6064\" class=\"wp-caption-text\">Families Step in as Lenders to Help Kids Buy a Home. Image courtesy of photostock \/ FreeDigitalPhotos.net<\/p><\/div>\n<p>Employment troubles, large student loan debt, and tight underwriting standards have been major hurdles holding back potential first-time home buyers in their 20s and 30s, the Los Angeles Times reports.<\/p>\n<p>In 2012, Americans who were 30 to 34 had the lowest home ownership rate of any similarly aged group in recent decades at 47.9 percent, according to demographer Chris Porter of John Burns Real Estate Consulting. As comparison, Americans born between 1948 and 1957 had a 57.1 percent ownership rate by the time they were in the 30 to 34 age group.<\/p>\n<p>Studies have shown a strong desire among 20- and 30-somethings to buy a home, but their finances are holding them back from making such a move. As such, more relatives are stepping in to provide assistance with downpayment and closing costs. Twenty-seven percent of first-time buyers received a money gift from relatives last year.<\/p>\n<p>In some cases, instead of just handing over the money, some family members also are serving as \u201cmini-lenders\u201d themselves to help their adult children purchase a home, The Los Angeles Times reports. The family members may provide a second mortgage or first mortgage that are designed to deal with the young relative\u2019s financial hurdles too, like paying off student loans to reduce debt-to-income ratios (which has been a hurdle for many in qualifying for a conventional loan). What\u2019s more, the loans can provide annual returns to family members that have been known to perform better than money-market funds or bank deposits.<\/p>\n<p>Companies are stepping in to help structure and service these intra-family transactions. For example, National Family Mortgage says it\u2019s business has been booming in this area. It has serviced more than $155 million of intra-family transactions in the last two years and expects to service $150 million in volume in 2014 alone.<\/p>\n<p><em>Source: \u201c<a href=\"http:\/\/www.latimes.com\/business\/realestate\/la-fi-harney-20140216,0,7652846.story#ixzz2taAZvaks\" target=\"_blank\">Finding Ways to Help Young Adults Make Their First Home Purchases<\/a>,\u201d The Los Angeles Times (Feb. 16, 2014)<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Families Step in as Lenders to Help Kids Buy a Home Employment troubles, large student loan debt, and tight underwriting standards have been major hurdles holding back potential first-time home buyers in their 20s and 30s, the Los Angeles Times reports. In 2012, Americans who were 30 to 34 had the lowest home ownership rate &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/families-step-lenders-help-kids-buy-home\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-6063","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Families Step in as Lenders to Help Kids Buy a Home - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/families-step-lenders-help-kids-buy-home\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/families-step-lenders-help-kids-buy-home\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/families-step-lenders-help-kids-buy-home\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Families Step in as Lenders to Help Kids Buy a Home\",\"datePublished\":\"2014-02-20T13:26:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/families-step-lenders-help-kids-buy-home\\\/\"},\"wordCount\":354,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/families-step-lenders-help-kids-buy-home\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/02\\\/ID-10046806.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/families-step-lenders-help-kids-buy-home\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/families-step-lenders-help-kids-buy-home\\\/\",\"name\":\"Families Step in as Lenders to Help Kids Buy a Home - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/families-step-lenders-help-kids-buy-home\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/families-step-lenders-help-kids-buy-home\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/02\\\/ID-10046806.jpg\",\"datePublished\":\"2014-02-20T13:26:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/families-step-lenders-help-kids-buy-home\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/families-step-lenders-help-kids-buy-home\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/families-step-lenders-help-kids-buy-home\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/02\\\/ID-10046806.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/02\\\/ID-10046806.jpg\",\"width\":266,\"height\":400,\"caption\":\"Families Step in as Lenders to Help Kids Buy a Home. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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