[:en]How Long Does It Take To Save A Down Payment?[:es]¿Cuánto tiempo toma el ahorrar la cuota inicial?[:]

How Long Does It Take To Save A Down Payment? | Simplifying The Market
[:en]In a recent study conducted by Builder.com, researchers determined that nationwide it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home.

Depending on where you live, median rents, incomes and home prices all vary. By determining the percentage a renter spends on housing in each state and the amount needed for a 10% down payment, they were able to establish how long (in years) it would take for an average resident to save.

According to the study, residents in South Dakota are able to save for a down payment the quickest in just under 3.5 years. Below is a map created using the data for each state:

Years Needed to Save 10% | Simplifying The Market

What if you only needed to save 3%?

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

Years Needed to Save 3% Down | Simplifying The Market

Bottom Line

Whether you have just started to save for a down payment, or have been for years, you may be closer to your dream home than you think! Let’s get together and evaluate your ability to buy today.[:es]En un estudio reciente realizado por Builder.com, los investigadores determinaron que en todo el país tomaría “cerca de ocho años” para un comprador por primera vez ahorrar lo suficiente para la cuota inicial de la casa de sus sueños.

Todo varia, dependiendo de donde usted vive, el promedio del alquiler, los ingresos y los precios de las casas. Para determinar el porcentaje que un inquilino gasta en vivienda en cada estado y la cantidad necesaria para una cuota inicial del 10 %. Ellos pudieron establecer cuánto tiempo (en años) tomaría para un residente promedio en ahorrar.

Según el estudio, los residentes de Dakota del sur pueden ahorrar más rápido para la cuota inicial en menos de 3 a 5 años. A continuación, está el mapa creado con los datos de cada estado:

ahorrar 10 por ciento de cuota inicial| Simplifying The Market

¿Qué pasa si usted sólo necesita ahorrar el 3 %?

¿Qué pasaría si usted pudiera tomar ventaja de uno de los programas del 3 % de cuota inicial de Freddie Mac o Fannie Mae? De repente el ahorrar para la cuota inicial no tomaría 5 a 10 años, pero se convierte en alcanzable en menos de dos años en muchos estados como muestra el mapa a continuación.

ahorrar 3 por ciento de cuota inicial| Simplifying The Market

En conclusión

Sea que usted ha comenzado a ahorrar para la cuota inicial, o lo ha estado haciendo por años, ¡usted podría estar más cerca de la casa de sus sueños que lo que usted piensa! Reunámonos para evaluar su habilidad para comprar hoy.[:]

[:en]How Long Does It Take To Save A Down Payment?[:es]¿Cuánto tiempo toma el ahorrar la cuota inicial?[:]

How Long Does It Take To Save A Down Payment? | Simplifying The Market

[:en]In a recent study conducted by Builder.com, researchers determined that nationwide it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home. Depending on where you live, median rents, incomes and home prices all vary. By determining the percentage a renter spends on housing in ...

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[:en]How Long Does It Take To Save A Down Payment?[:es]¿Cuánto tiempo toma el ahorrar la cuota inicial?[:]

How Long Does It Take To Save A Down Payment? | Simplifying The Market

[:en]In a recent study conducted by Builder.com, researchers determined that nationwide it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home.

Depending on where you live, median rents, incomes and home prices all vary. By determining the percentage a renter spends on housing in each state and the amount needed for a 10% down payment, they were able to establish how long (in years) it would take for an average resident to save.

According to the study, residents in South Dakota are able to save for a down payment the quickest in just under 3.5 years. Below is a map created using the data for each state:

Years Needed to Save 10% | Simplifying The Market

What if you only needed to save 3%?

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

Years Needed to Save 3% Down | Simplifying The Market

Bottom Line

Whether you have just started to save for a down payment, or have been for years, you may be closer to your dream home than you think! Let's get together and evaluate your ability to buy today.[:es]En un estudio reciente realizado por Builder.com, los investigadores determinaron que en todo el país tomaría “cerca de ocho años” para un comprador por primera vez ahorrar lo suficiente para la cuota inicial de la casa de sus sueños.

Todo varia, dependiendo de donde usted vive, el promedio del alquiler, los ingresos y los precios de las casas. Para determinar el porcentaje que un inquilino gasta en vivienda en cada estado y la cantidad necesaria para una cuota inicial del 10 %. Ellos pudieron establecer cuánto tiempo (en años) tomaría para un residente promedio en ahorrar.

Según el estudio, los residentes de Dakota del sur pueden ahorrar más rápido para la cuota inicial en menos de 3 a 5 años. A continuación, está el mapa creado con los datos de cada estado:

ahorrar 10 por ciento de cuota inicial| Simplifying The Market

¿Qué pasa si usted sólo necesita ahorrar el 3 %?

¿Qué pasaría si usted pudiera tomar ventaja de uno de los programas del 3 % de cuota inicial de Freddie Mac o Fannie Mae? De repente el ahorrar para la cuota inicial no tomaría 5 a 10 años, pero se convierte en alcanzable en menos de dos años en muchos estados como muestra el mapa a continuación.

ahorrar 3 por ciento de cuota inicial| Simplifying The Market

En conclusión

Sea que usted ha comenzado a ahorrar para la cuota inicial, o lo ha estado haciendo por años, ¡usted podría estar más cerca de la casa de sus sueños que lo que usted piensa! Reunámonos para evaluar su habilidad para comprar hoy.[:]

[:en]How Long Does It Take To Save A Down Payment?[:es]¿Cuánto tiempo toma el ahorrar la cuota inicial?[:]

How Long Does It Take To Save A Down Payment? | Simplifying The Market

[:en]In a recent study conducted by Builder.com, researchers determined that nationwide it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home. Depending on where you live, median rents, incomes and home prices all vary. By determining the percentage a renter spends on housing in ...

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