Mortgage Connects
A portrait of millennials
See how younger and older millennials compare and find out how to help both overcome their misperceptions and obstacles to homeownership.
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