MortgageResearch.com highlights geographic disparity in homeownership timelines for graduates. In West Virginia, 2025 graduates may buy homes by 2030, while in Hawaii, it could take 18 years due to high down payment costs. Key issues affecting this delay include student loan debt and mortgage credit availability, which has remained tight despite some loosening since 2023. The Mortgage Bankers Association reported unchanged credit availability levels in April, impacting potential homebuyers' abilities to secure financing and highlighting the nuances of market access for first-time buyers.
Where you land your first job and choose to live can be just as important as your degree. The weight of student loan debt often dictates how long new grads will wait before they can buy a home.
Mortgage credit availability remained unchanged at 102.9 in April, indicating that while conditions have loosened since 2023, they are still relatively tight.
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