[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3hipzcnjs5pno":3,"$ffeh0925h8cuz":39,"$fbwk2pqjjqsc7":43},{"item":4,"previous":27,"next":33},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":25,"updatedAt":26},452,"how-long-does-it-take-to-save-a-down-payment","How Long Does It Take To Save A Down Payment?","In a recent \u003Ca href=\"http:\u002F\u002Fwww.builderonline.com\u002Fmoney\u002Fhow-long-will-buyers-save-up-for-the-down-payment-of-their-dream-home_o\">study\u003C\u002Fa> conducted by \u003Cem>Builder.com\u003C\u002Fem>, researchers determined that nationwide it would take \u003Cem>“nearly eight years” \u003C\u002Fem>for a first-time buyer to save enough for a down payment on their dream home.","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2015\u002F12\u002F01161907\u002FHow-Long.jpg","In a recent \u003Ca href=\"http:\u002F\u002Fwww.builderonline.com\u002Fmoney\u002Fhow-long-will-buyers-save-up-for-the-down-payment-of-their-dream-home_o\">study\u003C\u002Fa> conducted by \u003Cem>Builder.com\u003C\u002Fem>, researchers determined that nationwide it would take \u003Cem>“nearly eight years” \u003C\u002Fem>for a first-time buyer to save enough for a down payment on their dream home.\u003C!--more-->\r\n\r\nDepending on where you live, median rents, incomes and home prices all vary. By determining the percentage a renter spends on housing in each state and the amount needed for a 10% down payment, they were able to establish how long (in years) it would take for an average resident to save.\r\n\r\nAccording to the study, residents in South Dakota are able to save for a down payment the quickest in just under 3.5 years. Below is a map created using the data for each state:\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F12\u002FYears-To-Save-10.jpg\">\u003Cimg class=\"alignnone wp-image-32406\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F12\u002FYears-To-Save-10.jpg\" alt=\"Years Needed to Save 10% | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch3>\u003Cstrong>What if you only needed to save 3%?\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhat if you were able to take advantage of one of the \u003Cem>Freddie Mac\u003C\u002Fem> or \u003Cem>Fannie Mae\u003C\u002Fem> 3% down programs? Suddenly saving for a down payment no longer takes 5 or 10 years, but becomes attainable in under two years in many states as shown in the map below.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F12\u002FYears-To-Save-3.jpg\">\u003Cimg class=\"alignnone wp-image-32407\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F12\u002FYears-To-Save-3.jpg\" alt=\"Years Needed to Save 3% Down | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhether you have just started to save for a down payment, or have been for years, you may be closer to your dream home than you think! Let's get together and evaluate your ability to buy today.","\r\nWhether you have just started to save for a down payment, or have been for years, you may be closer to your dream home than you think! Let's get together and evaluate your ability to buy today.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F12\u002FYears-To-Save-10.jpg",false,[17,21],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},11,"First-Time Buyers","first-time-buyers","2015-12-16T10:00:25Z","2015-12-14T17:26:19Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},451,"selling-your-house-5-reasons-you-shouldnt-for-sale-by-owner","Selling Your House? 5 Reasons You Shouldn't For Sale By Owner","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2015\u002F12\u002F01161912\u002FNo-FSBO-DEC.jpg","2015-12-15T10:00:21Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},453,"fsbo-list-again-or-otm-a-sellers-dilemma","FSBO, List Again or OTM? A Seller's Dilemma","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2015\u002F12\u002F01161911\u002FOTM-FSBO-Relist.jpg","2015-12-17T10:00:59Z",{"cover":40,"open":41,"shareSpread":42},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[44,48,49,53,57,61,65,66,70,74,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":45,"name":46,"slug":47},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":50,"name":51,"slug":52},6,"For Sellers","sellers",{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":62,"name":63,"slug":64},9,"Home Prices","home-prices",{"id":22,"name":23,"slug":24},{"id":67,"name":68,"slug":69},34,"Senior Market","senior-market",{"id":71,"name":72,"slug":73},35,"Mortgage Rates","mortgage-rates",{"id":75,"name":76,"slug":77},38,"Move-Up","move-up",{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]