As housing affordability continues to challenge first-time homebuyers across North America, Canada's introduction of the First Home Savings Account (FHSA) in April 2023 offers valuable insights for US policymakers considering similar initiatives. This analysis examines the successes, challenges, and early lessons from Canada's FHSA rollout, providing crucial takeaways for potential US housing policy reforms.

In 2025's housing market, the down payment often represents the most significant hurdle to homeownership. While home prices on the rise and interest rates well above pandemic-era levels and this challenge can feel daunting, there are over 10,000 down payment assistance (DPA) programs that exist to help aspiring homeowners achieve their goals. This guide will walk you through the available options and help you understand how these programs can support your path to homeownership.

Planning to purchase a home? Your credit score plays a crucial role in the mortgage approval process. Here's a comprehensive guide to building and maintaining strong credit as you prepare for homeownership.

If you're planning to buy your first home, understanding how much you can borrow is a crucial first step after saving for a down payment. While many first-time buyers hear they can borrow 2.5-3x their annual income, the reality is more complex and often more generous. Let's explore how much you might be able to borrow and ways to maximize your buying power.

Buying a home is a significant milestone, and understanding what you can afford is crucial to making an informed decision. If you make $85,000 per year and are considering a down payment of 5%, you'll need to factor in your Debt-to-Income (DTI) ratio to determine the price range of a home you can comfortably afford. In this article, we'll break down how to calculate your home affordability and ideal home price, taking into account a 35% DTI ratio and a 5% down payment.

Considering a $250,000 home and wondering if you can afford it on your current salary? This detailed guide breaks down the exact financial requirements, strategic insights, and income calculations for purchasing a home at this accessible price point.

Dreaming of a $600,000 home but not sure about if your income can support it? This in-depth guide breaks down the precise financial considerations, income needs, and strategic insights for purchasing a home at this premium price point.

For military service members, veterans, and their families, VA loans represent one of the most powerful and unique home financing options available in the United States. This comprehensive guide will dive deep into the world of VA loans, exploring their benefits, requirements, potential drawbacks, and everything you need to know to make an informed home buying decision.

Deciding whether to buy an existing home or build a new one is a complex decision that impacts your financial future, personal preferences, and long-term housing satisfaction. While many homebuyers assume purchasing an existing property is always the most cost-effective option, the reality is far more nuanced. This comprehensive guide will break down the financial considerations, hidden costs, and key factors that determine whether buying or building a home makes more economic sense.

A note from Landy Liu, Founder of Foyer, celebrating the milestones we collectively hit in 2024.