{"id":8289,"date":"2018-02-16T00:00:00","date_gmt":"2018-02-16T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/first-time-buyers-may-have-it-easiest-here\/"},"modified":"2018-02-16T00:00:00","modified_gmt":"2018-02-16T00:00:00","slug":"first-time-buyers-may-have-it-easiest-here","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/first-time-buyers-may-have-it-easiest-here\/","title":{"rendered":"First-Time Buyers May Have it Easiest Here"},"content":{"rendered":"

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First-time home buyers are entering the market under tight inventory conditions and rising home prices. But not all cities are posing a challenge for those looking to break in to homeownership.<\/p>\n

A new study by LendingTree ranks the top cities for first-time home buyers in the nation\u2019s 100 largest cities. They factored in average down payment amounts, the share of buyers using an FHA mortgage<\/a>, the share of homes sold that the median income family can afford; and more.<\/p>\n

First-time home buyers in Little Rock, Ark.; Birmingham, Ala.; and Grand Rapids, Mich., topped LendingTree\u2019s list as best cities for first-time home buyers in 2018. Both Little Rock and Birmingham have low average down payments of just 12 percent or $24,896 and $27,000, respectively. Grand Rapids proved to be the best place to be an FHA borrower (59 percent).<\/p>\n

On the other hand, LendingTree found in its analysis that Denver, New York, and San Francisco ranked as the most challenging cities for first-time buyers.<\/p>\n

These 10 cities ranked at the top for first-time home buyers:<\/p>\n

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  1. Little Rock, Ark.<\/li>\n
  2. Birmingham, Ala.<\/li>\n
  3. Grand Rapids, Mich.<\/li>\n
  4. Youngstown, Ohio<\/li>\n
  5. Winston, N.C.<\/li>\n
  6. Dayton, Ohio<\/li>\n
  7. Indianapolis<\/li>\n
  8. Scranton, Pa.<\/li>\n
  9. Pittsburgh<\/li>\n
  10. Cincinnati<\/li>\n<\/ol>\n

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