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$15,000 Tax Credit Could Cover Entire Down Payment For Homes in 40 of the 50 Largest U S Metros

Share this article Share this article SEATTLE, March 16, 2021 /PRNewswire/  A refundable, advanceable tax credit of up to $15,000 for first time homebuyers, While Congress has already passed billions in aid over the past year to provide homeowner and renter relief, housing will remain a key area of focus through 2021 especially as Congress continues to grapple with decreasing affordability. Zillow logo (PRNewsfoto/Zillow Group) Zillow research found that with a 3.5% down payment 1 on a 30-year mortgage with a 3% interest rate, about 9.3 million renter households in the U.S. (27.4%) would spend less than a third of their income on  the monthly payment for the median home sold in their metro in 2020

$15,000 Tax Credit Could Cover Entire Down Payment For Homes in 40 of the 50 Largest U S Metros

$15,000 Tax Credit Could Cover Entire Down Payment For Homes in 40 of the 50 Largest U S Metros
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