17-Dec-2024
Millennials make up the largest share of homebuyers today, but nearly 80% of them are still renting instead of buying. For many, the dream of homeownership feels out of reach due to rising housing costs, student loan debt, and a lack of down payment savings. But what if there were tools, programs, and support that could change the game?
At Club 720, we’re on a mission to empower Millennials to overcome these challenges and take control of their housing future. Here’s why so many Millennials are renting—and how we’re turning renters into proud homeowners.
Home prices have skyrocketed in recent years, especially in urban areas where Millennials often live and work. Combined with stagnant wages, saving for a down payment can feel like an impossible task.
Millennials carry more student debt than any previous generation. With monthly loan payments eating into their budgets, many feel like they’ll never save enough to buy a home.
The complexities of credit scores, mortgage rates, and down payment assistance programs can be overwhelming. Without proper guidance, many Millennials assume they don’t qualify for homeownership.
Ironically, rising rents make it harder for Millennials to save for a down payment, creating a frustrating cycle of paying more for less.
At Club 720, we believe homeownership isn’t just a dream—it’s an achievable goal. That’s why we’ve built a platform designed specifically for Millennials to bridge the gap between renting and owning.
Many Millennials don’t realize they qualify for Down Payment Assistance (DPA) programs. Club 720 simplifies the process with tools that let you check your eligibility in minutes, connecting you to funding that could cover your down payment and closing costs.
Knowledge is power, and Club 720 provides personalized coaching and workshops to help Millennials understand their finances, improve their credit scores, and make informed decisions. Our platform is your guide through the often-confusing world of homeownership.
Club 720 connects users with a network of homebuyer coaches, lenders, and realtors who understand Millennial challenges and work to provide tailored solutions.
Sarah, 29, From Renting to Owning
Sarah had been renting a one-bedroom apartment for $1,800 a month, believing she’d never be able to afford a home. After using Club 720’s tools, she discovered she qualified for a $15,000 Down Payment Assistance program and improved her credit score by 70 points with the help of a financial coach. Today, she’s the proud owner of a two-bedroom townhouse, paying less on her mortgage than she was on rent.
Jason & Maria, 34 and 31, First-Time Homebuyers
This couple used Club 720 to find a local DPA program that covered their down payment. By following the steps outlined in our homebuyer workshops, they were pre-approved for a mortgage within 60 days and closed on their first home just three months later.
Home prices are predicted to continue rising in many markets. The sooner you transition from renting to owning, the more equity you can build.
Our in-house Down Payment Assistance program is designed specifically for Millennials, offering a unique opportunity to bridge the affordability gap.
Homeownership isn’t just a milestone—it’s one of the most effective ways to build long-term wealth and financial security. By taking action today, Millennials can start creating generational wealth for tomorrow.
Sign up on Club 720 to access personalized tools, financial coaching, and down payment assistance eligibility checks.
In just a few minutes, discover the programs and resources available to you, from local DPAs to credit-building tools.
Get matched with trusted lenders, realtors, and housing counselors who can help you navigate the path to homeownership.
Whether it’s improving your credit, saving for a down payment, or finding the right loan, Club 720 is here to guide you every step of the way.
The cycle of renting doesn’t have to last forever. With the right tools, knowledge, and support, Millennials can break free and achieve the dream of homeownership.
Join thousands of Millennials who are already making the leap. Create your free profile on Club 720 today and start your journey to owning your dream home.
