FRESNO, Calif. (KFSN) — Kelvin Ashford purchased his most recent home in April but understands the barriers to homeownership.

With rising home prices and tight lending standards, the path to owning a home is challenging, especially for low-to-median income borrowers and first-time homebuyers.

“You have to have a certain income to own a house. If the jobs are there for the community, and the stability of the job isn’t there for the community, you won’t have the revenue to purchase a house,” said Ashford of Fresno.

While many families are eager to own their own home, not having a down payment and a good credit score is putting that dream out of reach.

“Life just happens,” he said.

According to ABC30 data team’s analysis of Home Mortgage Disclosure Act data,

Read More At:  Article Source