Market Mad House
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Market Mad House

Americans Need a Down Payment Credit

There is a simple way the government can make home ownership available to most Americans.

The US Treasury, or Federal Reserve, could give home buyers a credit to cover the cost of a down payment. The credit will be a cash payment built into a mortgage. Hence, the government will finance no-down payment mortgages for most Americans.

My suggestion is to give each household one down-payment credit every 10 years for their primary home. There could be an income restriction of $500,000. However, people who move because of job, education, or a…



Please view these ideas as food for thought and not a prescription for solving the world’s problems.

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Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.