Saving a 10% down payment fastest occurs in states with moderate home prices and solid incomes, like Iowa (8.7 years) and Ohio (9.9 years). High-cost states such as California (25.1 years) and New York (23.1 years) take much longer. A 10% down payment with PMI is common on conventional loans, easing entry compared to 20%, which doubles saving time. The 2026 outlook shows slightly better affordability with stable rates and rising inventory.
Continue to full article
