Home Buyers and Sellers Generational Trends

Buying a first home isn't easy, but younger buyers are finding smart ways onto the property ladder. According to the latest National Association of REALTORS® (NAR) Generational Trends Report, 74% of buyers finance their purchase, leveraging strategic savings, family support, and specialized buyer programs to reach their homeownership goals.

In a market like San Francisco, utilizing local assistance can make all the difference. Key programs available to help first-time SF buyers include:

• Downpayment Assistance Loan Program (DALP): Offers up to $500,000 in deferred, silent-second down payment assistance for market-rate homes. Lottery Based Program.

• City Second Loan Program (CSLP): Provides silent-second down payment loans to help buyers purchase market-rate properties.

• Teacher Next Door (TND): Tailored grants and low-interest loans to help SFUSD educators buy homes locally.

• Mortgage Credit Certificate (MCC): Converts a portion of your annual mortgage interest into a direct tax credit to increase overall buying power.

Ready to start your home search? Reach out to our team today to explore eligible programs and learn how to secure your first home!