By Ben Lane | HousingWire
A new study from RealtyTrac and Down Payment Resource shows the top 10 and bottom 10 markets in the U.S. in terms of affordability and accessibility for low down payment borrowers.
According to RealtyTrac and Down Payment Resource, the study reviewed 370 counties, and ranked each based on how it scored in five metrics: affordability of house payment in April 2015 relative to its historical average; maximum income allowed for homeownership programs relative to median income; maximum home price allowed for down payment help relative to median home prices; average down payment program benefit relative to median home prices; and number of homeownership programs available relative to total housing units.
