Thirty-two percent of first-time home buyers say a low income has held them back from buying a home, and 27 percent say they don't enough savings. Student loan and credit card debt were also cited as obstacles to home ownership, as well as not being ready to commit to a mortgage and settle down in one neighborhood, according to LendingTree.

The survey found that 42 percent of first-time buyers have credit card debt, 27 percent have student loan debt, 24 percent have car loans, and 18 percent have personal loans. Only 21 percent said they were debt-free.

The survey was conducted in March and included only those considering a home purchase within the next two years, LendingTree said.

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