Sentences with phrase «biggest average down payments»

Since San Francisco ranks No. 1 in the hottest housing markets for the spring homebuying season and is also known where top - earning professionals can afford expensive housing costs, millennials signed on for the highest average mortgage loans at $ 505,160 making it the biggest average down payments to be $ 162,474.

Not exact matches

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.

«Depending upon their price range and down payment, I calculate their monthly mortgage payment based on the average interest rate in our area and ask if they're comfortable with that big a payment each month,» he says.

Cost You Probably Didn't Think About After the years required to amass a sufficient down payment — the average among new homebuyers is 11 percent — and all the big costs staring homeowners in the face, it's little wonder if you don't account for smaller fare.

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).