Unlocking Small-Dollar Mortgages: Expanding Access to Affordable Homeownership for Underserved Communities
UnidosUS, highlights the importance of addressing barriers to small-dollar mortgages to increase Latino homeownership.
Latinos are projected to constitute a significant portion of new homeowners over the next 20 years, but they often face challenges such as lower incomes, lower credit scores, and limited access to affordable starter homes. UnidosUS emphasizes the need for safe, accessible small-dollar mortgage products to empower first-time Latino homebuyers and promote financial inclusion in the housing market. Expanding access to small-balance mortgages is essential for fostering equitable opportunities and increasing Latino homeownership in the United States.
