Sentences with phrase «counties averaged a down payment»

Twenty - five percent of home purchases in the nation's 25 lowest priced counties averaged a down payment amount of $ 8,239.

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This translates into a 12 percent down payment average for these areas, or half that seen in the nation's highest priced counties.

Also, the 25 counties with the highest rates of millennial buyers, or the population who was born roughly between 1981 and 1997, had a higher average down payment at 17 percent.

The 25 highest priced counties experienced the highest average down payment of 24 percent, according to Realty Trac's 2014 study of 1.5 million purchase loans.

Buyers in San Francisco County put down an average of more than $ 326,000 on homes purchased in 2016, which represented an average down payment of 29.9 %.

For example, in Tennessee's Tipton County, an outer suburban county of Memphis, the average down payment was just over $ County, an outer suburban county of Memphis, the average down payment was just over $ county of Memphis, the average down payment was just over $ 3,500.

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).

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).

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 Statistdown 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 Statpayment 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 Statistdown 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 Statpayment 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 StatistDown Payment Resource along with the latest average weekly wage data available at the county level from the Bureau of Labor StatPayment Resource along with the latest average weekly wage data available at the county level from the Bureau of Labor Statistics.

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.

«Even just a 3 percent down payment requires 14 percent of annual wages on average across the 513 counties we analyzed, and in 67 counties, a 3 percent down payment requires more than one - fifth of annual wages.»

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 - priceAverage 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 - priceaverage 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 - priceaverage 3 percent down payment of $ 6,424 on a median - priced home.

According to RealtyTrac and Down Payment Resource, the study reviewed 370 counties, and ranked each based on how it scored in five metrics: affordability of house payment in April 2015 relative to its historical average; maximum income allowed for homeownership programs relative to median income; maximum home price allowed for down payment help relative to median home prices; average down payment program benefit relative to median home prices; and number of homeownership programs available relative to total housing unDown Payment Resource, the study reviewed 370 counties, and ranked each based on how it scored in five metrics: affordability of house payment in April 2015 relative to its historical average; maximum income allowed for homeownership programs relative to median income; maximum home price allowed for down payment help relative to median home prices; average down payment program benefit relative to median home prices; and number of homeownership programs available relative to total housingPayment Resource, the study reviewed 370 counties, and ranked each based on how it scored in five metrics: affordability of house payment in April 2015 relative to its historical average; maximum income allowed for homeownership programs relative to median income; maximum home price allowed for down payment help relative to median home prices; average down payment program benefit relative to median home prices; and number of homeownership programs available relative to total housingpayment in April 2015 relative to its historical average; maximum income allowed for homeownership programs relative to median income; maximum home price allowed for down payment help relative to median home prices; average down payment program benefit relative to median home prices; and number of homeownership programs available relative to total housing undown payment help relative to median home prices; average down payment program benefit relative to median home prices; and number of homeownership programs available relative to total housingpayment help relative to median home prices; average down payment program benefit relative to median home prices; and number of homeownership programs available relative to total housing undown payment program benefit relative to median home prices; and number of homeownership programs available relative to total housingpayment program benefit relative to median home prices; and number of homeownership programs available relative to total housing units.

There were 36 counties of the 370 analyzed (10 %) that were less affordable for low down payment buyers in April 2015 than their historic averages.

On a whole, for the 370 counties that the study covered, 334 (90 %) were more affordable for low down payment buyers in April 2015 than their historic averages.

Counties with the highest average down payment program benefit as a percentage of the median home sales price in April 2015 were Volusia County, Florida in the Deltona - Daytona Beach - Ormond Beach metro area (24.73 %), Pasco County, Florida in the Tampa metro area (24.16 %), Kern County, California in the Bakersfield metro area (21.62 %), Sullivan County, Tennessee in the Kingsport - Bristol metro area, and Broward County, Florida in the Miami metro area.

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).

Since the average person in Cook County earns $ 1,146 a week, Attom calculates they'd need to devote 32.4 percent of pay to the monthly payment, assuming they buy with a 3 percent down payment.

o But for those borrowers with the average student loan debt and average car payment, putting just 3 percent down means monthly house payments are affordable in less than half (48 percent) of all county housing markets nationwide.