12-07-2022 23:11 via kxan.com

Data: Down payments take longer to save for Texas first-time home buyers with student debt

AUSTIN (KXAN) — New data shows how looming college debt can impact first-time homebuyers in Texas.Texas Real Estate Research Center data shows student loan debt can consume between 3.3% to 10.9% of income for the average Texas college graduate.Report: This Texas city makes top 10 list for 1st-time homebuyersA household that earns $50,000 needs over two years, on average, to save for a down payment on a $217,000 home, according to the research center. However, this time increases to six yea
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