65% of women would buy a home without being married first. Here's what to know if you're one of them.
Nearly two-thirds of single female prospective homeowners said they would rather not wait until marriage to buy a home, according to the study. What's more, 30% of current female homeowners purchased their homes while they were single.
But a purchase like Mascall's is increasingly proving to be a source of pride for women. The BofA survey found that 80% of women are excited about the idea of buying a home on their own, while 92% said it would be a great accomplishment.Kathy CummingsWhat's more, 60% of prospective female homebuyers said they will feel like they've made it when they buy their own home, versus 52% of single men.
In some ways, it can also come with fewer strings than renting. Just days after buying her home, Mascall has already made appointments to get quotes on some renovations she would like to make that she couldn't do before as a renter. Bank of America and other financial institutions offer financial products that enable prospective homebuyers to obtain financing with as little as 3% down, Cummings said. There also may be grant funding available depending on your income and other circumstances.