The issue of getting people to take up the ideals of homeownership given the current lending environment has not always been easy for many lenders in the time since the recession ended. However, there could be good news in the offing as more Hispanic Americans start to focus on buying properties in the next several years, and beyond.

Data shows that the number of Hispanic homeowners across the country has exploded over the last decade and a half or so, rising to 6.8 million in 2013 from just 4.2 million 13 years earlier, according to a report from the government-sponsored mortgage-backing enterprise Freddie Mac. That's an increase of 59 percent, despite the fact that homeownership growth during that time for all demographics in the U.S. was up only 8 percent, rising to 74.7 million from the 69.2 million seen in 2000.

Further, the growth in the Hispanic population is expected to drive the entire housing market forward for the next decade or more, the report said. That's because of the 12 million new homes expected to be purchased from 2015 to 2025, 4.8 million – about 40 percent – are likely to be bought by Hispanic-headed households.

What will drive that growth?
Of course, it is important for those in the industry to understand why those expected changes are likely to come, the report said. Part of it is the fact that the median age of a white, non-Hispanic American in the U.S. these days is 42.6 years old, meaning that over the next decade or two, those people are going to become increasingly less likely to make a home purchase. Meanwhile, the median age of Hispanics is just 27.7 years old, meaning that the chances they seek to buy in the coming years are significantly greater.

Moreover, there have been many parts of the country where there's been a spike in Hispanic population, and many of these are outside the traditional areas where this type of homebuyer has resided (mostly major population centers like those in California, Texas, New York, Illinois, and so on), the report said. From 2000 to 2011, the states where Hispanic population has grown most are largely concentrated in the Southeastern U.S., as well as South Dakota and Maryland.

The mortgage industry may have to prepare for changes to demographics and consumer preferences when it comes to the borrowing process over the next several years and beyond. The earlier they can start this process, the better off they're likely to be.