Mortgage Connects

A portrait of millennials

Millennial homebuyers face enough challenges in this market without letting misperceptions get in the way of buying a home.

As the second-largest group of recent homebuyers,¹ millennials are eager to buy homes. But they are dealing with real market obstacles, as well as misperceived hurdles – with 66% thinking they need a 20% down payment.² Compare the differences between older and younger millennials, and learn how you can earn their trust and business by guiding them to low-down-payment mortgages.

¹NAR’s 2025 Home Buyers and Sellers Generation Trends Report

²NerdWallet, 2025