The biggest barrier to homeownership for many prospective buyers isn't the monthly mortgage bill, but the steep down payment.The 20 percent required to qualify for a typical mortgage for a median-price home in the United States (roughly $455,000) comes to about $91,000 a formidable stack of cash.Saving that much would take years for most households, but a recent study by RealtyHop dug deeper, comparing local median home prices and incomes to locate where a down payment could be compiled quickest.
[
add
]
[
|
|
...
]