Saving for a Down Payment is Faster Than You Think!

by rmartinez

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Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state.

What if you were able to take advantage of one of Freddie Mac’s or Fannie Mae’s 3%-down programs? Suddenly, saving for a down payment no longer takes 5 or 10 years, but becomes possible in a year or two in many states as shown on the map below.

Whether you have just started to save for a down payment, or have been saving for years, you may be closer to your dream home than you think!

For more information give us a call: 408 802-9341

 

 

Published on 2018-03-14 07:32:32