Sentences with phrase «national median income»

Based on a study by the Center for Responsible Lending, it would take borrowers up to 14 years to save 20 percent down based on national median income of $ 50K and a home price of $ 172K.

But Maine's median income of $ 50,826 is lower than the national median income of $ 59,039, according to the Census Bureau.

The typical Massachusetts household earns $ 70,628 a year, far more than the $ 55,775 national median income.

Labour's central view of poverty — that poverty is earning less than 60 % of the national median income — has been narrowly and specifically financial.

Adjusted for inflation, the national median income for families with children dropped 6 percent from 2006 to 2014.

Compared to the national median income, the families in the most well - off districts are incredibly wealthy.

Best Egg says borrowers typically earn an annual salary of $ 60,000, which is a little higher than the national median income of $ 59,039.

The ratio of a mortgage payment versus the median monthly income was worst in places where local households earned at or below the national median income level.

A typical borrower with excellent credit (750 +), who rents a home, and has an annual income around the national median income of $ 52,000, can expect interest rates ranging from 8.52 % to 13.48 % APR..

In today's market, it could take a family earning the national median income up to 20 years to save 20 percent, according to calculations by U.S. Mortgage Insurers using a methodology developed by the Center for Responsible Lending; a lot can change during that time, in the family's personal finances and in overall mortgage market trends.

We started with the national median income for people ages 25 to 34, which is $ 60,932.

We're talking about $ 375 for a family of four making the national median income of $ 53,891 a year and contributing $ 2,500 to a traditional retirement plan.

An HOI of 73.7 means that 73.7 % of all homes sold in the first three months of 2013 were affordable to families earning the national median income ($ 64,400).

By the end of 2004, a first - time buyer earning the national median income of $ 56,300 and with cash to make a 10 percent downpayment will be unable to qualify for a home priced at the national median of $ 178,100, the Fannie Mae Foundation says.

At this level, a household earning the national median income would have 106 percent of the income needed to by a house at the national median price.

Approximately 59 percent of homes sold in the second quarter were affordable based on the national median income, $ 68,000, a share down from roughly 60 percent in the first quarter.

Despite depressed prices in many markets, the National Association of Home Builders» Housing Opportunity Index showed in November that only 42 percent of all new and existing homes sold in the third quarter were priced low enough to be affordable for families earning the national median income of $ 59,000.

An index of 120 means a household earning the national median income earns 120 percent of what it needs to qualify for a mortgage on a house priced at the national median.

Approximately 59 percent of homes sold in the fourth quarter were affordable based on the national median income, $ 68,000, up from roughly 58 percent in the third quarter.

«More than one - third of the people who use the FHA have incomes that are less than 80 percent of the national median income,» Morrill explains.

Affordability, which the Index read as lower in the third quarter, is positive overall — in fact, more than 60 percent of new - and existing - homes sold in the third quarter were affordable to families earning the national median income ($ 65,700).

The latest HOI data reveal that 73.8 percent of all new and existing homes sold in the second quarter were affordable to families earning the national median income of $ 65,000.

The latest HOI data reveal that 77.5 percent of all new and existing homes that were sold in this year's first quarter were affordable to families earning the national median income of $ 65,000.

An HOI of 74.9 means that 74.9 percent of all homes sold in the last three months of 2012 were affordable to families earning the national median income ($ 65,000).

An HOI of 74.9 means that 74.9 % of all homes sold in the last three months of 2012 were affordable to families earning the national median income ($ 65,000).

NAR's affordability index is at its highest level ever, at nearly 170, which means households earning the national median income have 170 percent of the income needed to buy a home at the national median price.

The study defined middle - class households as those making between two - thirds and twice the national median income.

Americans making the national median income ($ 53,216) should currently expect to spend nearly 30 percent of their monthly income on rent, the highest rate ever.