Obtaining a mortgage loan in the United States has gotten more difficult, according to the results of a national representative survey. The youngest generation has been most impacted, with only about 25 percent of respondents aged 18 to 34 saying it would be easy to get a mortgage in August 2024. For prospective homebuyers over 65 years, this share stood at 53 percent. Except for the oldest generation, respondents of all age groups were overall more positive about their chances of being approved for home financing before the second half of 2021, when the monetary policy started tightening and interest rates rising.
Prospective homebuyers' opinion about the ease of getting a mortgage in the United States from January 2011 to August 2024, by age group
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Fannie Mae. (September 9, 2024). Prospective homebuyers' opinion about the ease of getting a mortgage in the United States from January 2011 to August 2024, by age group [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1407528/ease-of-getting-a-mortgage-usa-by-age/
Fannie Mae. "Prospective homebuyers' opinion about the ease of getting a mortgage in the United States from January 2011 to August 2024, by age group." Chart. September 9, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1407528/ease-of-getting-a-mortgage-usa-by-age/
Fannie Mae. (2024). Prospective homebuyers' opinion about the ease of getting a mortgage in the United States from January 2011 to August 2024, by age group. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1407528/ease-of-getting-a-mortgage-usa-by-age/
Fannie Mae. "Prospective Homebuyers' Opinion about The Ease of Getting a Mortgage in The United States from January 2011 to August 2024, by Age Group." Statista, Statista Inc., 9 Sep 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1407528/ease-of-getting-a-mortgage-usa-by-age/
Fannie Mae, Prospective homebuyers' opinion about the ease of getting a mortgage in the United States from January 2011 to August 2024, by age group Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1407528/ease-of-getting-a-mortgage-usa-by-age/ (last visited November 10, 2024)
Prospective homebuyers' opinion about the ease of getting a mortgage in the United States from January 2011 to August 2024, by age group [Graph], Fannie Mae, September 9, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1407528/ease-of-getting-a-mortgage-usa-by-age/
