The Houston area features one of the most accessible mortgage markets in the country, according to a Credit.com analysis.
Utilizing new data from the Urban Institute, Credit.com found that the average loan-to-value in Houston is 87 percent, meaning the average down payment is around 13 percent; as our chart below shows, only a handful of housing markets sport better mortgage markets for homebuyers.
It’s also worth nothing that despite the prevalence of lower down payments, the average FICO score in Houston is still a very strong 736.
| Metro Area | Average FICO Score | Average Loan-to-Value |
|---|---|---|
| Detroit | 728 | 90% |
| San Antonio | 736 | 90% |
| Cincinnati | 736 | 89% |
| Cleveland | 733 | 88% |
| Las Vegas | 735 | 88% |
| Orlando | 738 | 87% |
| Atlanta | 738 | 87% |
| Houston | 736 | 86% |
| Miami | 732 | 84% |
| Riverside | 738 | 83% |