IRVINE, CA—RealtyTrac recently analyzed affordability in512 U.S. counties with a combined population of 235 million, looking at the impact of lowering the down payment for conventional loans (those that can be sold to Fannie Mae and Freddie Mac) from the traditional 20% to as low as 3% — as has been suggested recently by FHFA director Mel Watt as a way to “increase access for creditworthy but lower-wealth borrowers.”

RealtyTrac finds that heavy loads of student loan and automobile debt can be an additional barrier to homeownership.

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