Unusual Ways First-Time Homebuyers Are Financing in 2026

Many younger Americans are using unconventional methods to buy homes amid high mortgage rates and prices. A study shows 74% would consider 50-year mortgages to lower monthly payments despite higher long-term interest costs. Additionally, 78% of millennials and 74% of Gen Z would tap into retirement funds to finance home purchases, with 31% already reducing retirement contributions, highlighting economic challenges for younger buyers.