How Your Home Equity Can Help Your Child Buy Their First Home (and Why It’s More Possible Than You Think)

If you’re a homeowner, there’s a good chance your property has grown in value—maybe more than you realize. That equity you’ve built could be the key to helping your child achieve something huge: buying their first home.

🏠 Homeownership Feels Out of Reach for Many Young Buyers

Even with a solid income and good credit, today’s market can make first-time homeownership feel impossible. High home prices and rising costs mean many young adults struggle to save enough for a down payment. But your equity could bridge that gap—and help your child get into a home sooner than they thought.

📊 A Look at the Numbers

The average homeowner with a mortgage has around $311,000 in home equity, according to Cotality (formerly CoreLogic). That’s a significant asset. In fact, a Bank of America study found that 49% of buyers ages 18–26 received financial help from their parents for their down payment.

Even more telling? Compare the Market reports that 45% of those buyers said they wouldn’t have been able to purchase without that support.

💰 Your Equity = Their Opportunity

Using a portion of your home’s equity—through a cash-out refinance, home equity loan, or gift of funds—could empower your child to buy their first home, start building equity of their own, and gain financial independence.

🎯 It’s Not Just About the Money

It’s about opening doors. Giving your child a boost into homeownership is more than a transaction—it’s a meaningful way to support their future and help them build long-term stability.

✅ What to Do Next

Before moving forward, speak with a lender to explore financing options and consult a financial advisor to understand the best approach. Then connect with a trusted real estate professional (that’s me!) who can help you and your child navigate the market with confidence.

Let’s Talk About Your Goals Whether you want to help your child purchase a starter home or explore creative ways to use your home equity, I’m here to guide you every step of the way.

📞 Contact me at DebiHaningLuxuryHomes.com

📲 Follow along on Instagram @debihaningcoloradohomes and

👀 YouTube @debihaningluxuryhomes 

for real estate tips, insights, and strategies.

Helping You Build a Legacy—One Home at a Time.