Who Would You Buy A House With?
Traditionally speaking, marriage and homeownership go hand-in-hand. First, you get married, then you buy a home and start a family. It's all a part of settling down.
But while that's the classic order of things – and the majority of today's home buyers are still married couples – this somewhat old-fashioned notion is starting to change. These days, there's an increasing number of single Americans buying homes and, according to one recent survey, even a rising number of buyers who have purchased a house with a partner, friend, or family member.
In fact, 31 percent of Americans have bought a primary residence with someone they aren't married to – and an even larger percentage would consider it. Among respondents, 55 percent said they'd be open to it, and among 18-to-34-year-olds, 68 percent said so.
Of course, among home buyers who weren't married, the most common buying partners were romantically involved couples, though older and younger relatives, siblings, roommates, and friends also made the list.* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.