Indy Among Makes ‘Best Cities for First-Time Homebuyers’
Indianapolis has earned a spot on LendingTree’s ‘Best Cities for First-Time Homebuyers’ list. The city comes in sixth, praised for its amount of homes that are affordable to median income families.
LendingTree considered average down payment amount, FHA mortgages and credit scores below 680 to find the most budget friendly cities for first-time homebuyers.
The information gathered by LendingTree found that the average down payment in Indy was $38,114, with 30 percent of buyers using a FHA mortgage. 37 percent of buyers has credit scores below 680.
To see the full list from LendingTree, click here.