Sentences with phrase «average down payment assistance»

Counties with the highest average down payment assistance in dollars were San Francisco, California ($ 51,713), Orange County, California ($ 43,121), Los Angeles County, California ($ 40,004), Placer County, California in the Sacramento metro area ($ 35,475) and King County, Washington in the Seattle metro area ($ 33,735).

Average assistance covers 3 percent down in 82 percent of counties Across all 513 counties, the average down payment assistance available through down payment assistance programs was $ 12,434, nearly twice the average 3 percent down payment of $ 6,424 on a median - priced home.

The report combined public record sales deed data for single family homes and condos collected by RealtyTrac with average down payment assistance data collected from 2,477 down payment assistance programs across the country by Down Payment Resource along with the latest average weekly wage data available at the county level from the Bureau of Labor Statistics.

Markets where average assistance does not cover 3 percent down Average down payment assistance was lower than a 3 percent down payment on a median - priced home in 91 of the 513 markets (18 percent).

Major markets where a 3 percent down payment on a median - priced home was higher than the average down payment assistance available included New York County (Manhattan), New York ($ 13,917 average down payment assistance compared to $ 34,500 for 3 percent down on a median - priced home); Fairfax County, Virginia in the Washington, D.C. metro area ($ 5,000 average assistance compared to $ 14,100 for 3 percent down); Salt Lake County, Utah ($ 5,313 average assistance compared to $ 8,078 for 3 percent down); Montgomery County, Maryland in the Washington, D.C. metro area ($ 4,680 average assistance compared to $ 11,550 for 3 percent down); and Baltimore County, Maryland ($ 6,173 average assistance compared to $ 6,210 for 3 percent down).

But we're talking even bigger cash in expensive housing markets such as Los Angeles, where the average down payment assistance is a handsome $ 40,598.

Average down payment assistance is about $ 12,000.

Not exact matches

The average amount of down payment assistance per buyer is $ 11,565, according to the analysis.

You'll have to meet certain eligibility requirements in terms of income, occupation, or credit, but buyers who use down payment assistance programs save an average of $ 17,766 between upfront savings and lower monthly mortgage payments over the life of the loan.

And the savings can be substantial: Home buyers who use down payment assistance programs save an average of $ 17,766 over the life of their loan, according to a report by RealtyTrac.

Despite the existence of low down - payment loans and down payment assistance programs, a NeighborWorks America survey in 2017 found that, on average, consumers think that 17 percent is the minimum required down payment to own a home.

In fact, there are 2,290 down payment programs across the country that offer financial assistance, kicking in an average of $ 17,766, according to one study.

One study found that buyers who use down payment assistance programs save an average of $ 17,766.

Markets where buyers using down payment assistance programs can realize the biggest savings as a percentage of average annual wages compared to buyers not using down payment assistance were Kauai County, Hawaii (191 percent of annual wages); Shasta County (Redding), California (176 percent); Sevier County (Sevierville), Tennessee (161 percent); El Dorado County, California in the Sacramento metro area (160 percent); and Allen County (Lima), Ohio (157 percent).

The report, released at the National Association of Real Estate Editors 50th Annual Journalism Conference in New Orleans today, found that across all 513 counties analyzed, buyers using available down payment assistance programs can save an average of $ 17,766 representing 41 percent of a year's wages compared to buyers who do not use down payment assistance.