The Rise of Co Borrowing…
As home prices continue to climb in today’s competitive real estate market, more young adults are teaming up with older generations—especially their parents—to buy homes together. According to Freddie Mac, first-time homebuyers aged 25-34 are increasingly relying on support from older relatives to break into the housing market. For many, saving for a down payment remains the biggest hurdle to homeownership.
Intergenerational support is increasing: More young homebuyers are leaning on older relatives for co-signing or co-borrowing help, a reflection of rising home prices and tighter credit environments.
Based on chart track from Freddie Mac, this trend continues at higher levels post- 2020 may reflect broader housing affordability issues, multigenerational living trends, or normalization of financial assistance from parents or grandparents.
Taken after Freddie Mac’s research and insight. This chart below shows that in recent years, the share of young adults (ages 25-34) buying homes with a co-borrower aged 55 or older has remained high.
After a slight dip around 2019-2020, the trend rose again, with 2021 nearly matching the 2015 peak at over 3.5%. This reflects ongoing affordability challenges and growing reliance on older family members—often parents—as co-signers to help younger buyers qualify for mortgages in today’s competitive housing market. The Freddie Mac insight also mentioned that cities like Los Angeles, San Diego, and Miami tend to have a higher share of young adult first-time homebuyers who receive assistance from older co-borrowers.
Here’s what’s next…
At Co Borrower Hub, we’ve built a system and method around this very concept…
Whether you’re a:
- a parent helping your child buy their first home
- a grandparent co-signing to secure better loan terms
- Siblings or cousins pooling resources
- Or even trusted friends entering a shared homeownership agreement…
We provide the tools, education, and matchmaking support to help you boost your confidence and buying power.
But we’re also looking beyond traditional relationships. As co-ownership evolves, so do the possibilities:
Potentials
- Maybe you’re a first-time buyer who co-purchased with a relative and now wants to refinance or buy out their share over time
- Or perhaps you’re someone who doesn’t have a family member to co-borrow with, but you’re open to meeting a like-minded co-borrower through our relationship matchmaking system
- You might even be a seasoned investor who are looking at different options
Co-borrowing is no longer just a backup plan—it’s a forward thinking solution.
Are you you ready to explore co-ownership on your own terms?
Join Co Borrower Hub today and discover how far the right partnership can take you.
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photo credit: pixabay