A team member of ours and their partner needed more space. When they applied for a mortgage, they learned
incomes and credit history was
strong enough to qualify but the savings they had for a down payment was not enough. The down payment
had become a
hurdle. They come from middle class
families that don't have the financial resources to help them support the home purchase.
This experience made us ask a few questions:
We asked these questions to everyone in our communities when we first launched back in November 2018. It became abundantly clear there was a problem in the traditional path to homeownership:
At Ownhome we've set out to make that as easy as possible.