What is The Income Needed in Each State To Afford a Starter Home?

February 11,2025 | Posted By Dinorah Carmenate in re

While I do not have to tell you that you definitely need to earn more than minimum wage in CA to purchase a home, there are some parts of the country where you just need to earn $31,653 to buy a starter home.

The great thing about buying a home in CA is that we have many programs that will assist first-time buyers own a home. These programs range from free grants if the property is located in a certain zip code, to low-down payment homes that you can literally purchase with just 3 percent down and sometimes even 0 percent down.

If you are looking to purchase your first home, call me because we have great programs to assist you.

Also, did you know that even if you are NOT a first-time buyer, you can still buy a home with 3 percent down? If you currently own a home and are thinking of ways to pull your equity out and remain a homeowner, call me. You can sell your home, keep the cash, and purchase your next home with as little as 3 percent down. You definitely have some great options, let’s discuss those options.

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Source: realtor.com