Why You May Want an Energy-Efficient Home [INFOGRAPHIC]Some HighlightsSince inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient
How Your Tax Refund Can Move You Toward Homeownership This Year
Dated: March 3 2020
Views: 26
Move Toward Homeownership This Year! If you’re looking to buy a home in 2020, have you thought about putting your tax refund toward a down payment? Homeownership may be one step closer than you think if you spend your dollars wisely this year.
Based on data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,962 when filing their taxes this year.
The map below shows the average tax refund Americans received last year by state:According to programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae, many first-time buyers can purchase a home with as little as 3% down. Truth be told, a 20% down payment is not always required to buy a home, even though that’s a common misconception about homebuying. Veterans Affairs Loans allow many veterans to purchase a home with 0% down.
How can my tax refund help me on the road to homeownership?
If you’re a first-time buyer, your tax refund may cover more of a down payment than you ever thought possible.
Three Reasons Why Pre-Approval Is the First Step in Homebuying
Bottom Line; Your Tax Refund Can Move You Toward Homeownership
Take into account the median home sale price by state, the map below shows the percentage of a 3% down payment that’s covered by the average tax refund. The darker the blue, the closer your tax refund gets you to homeownership in one of these programs. Maybe this is the year to plan ahead and put your tax refund toward a down payment on a home.
Schedule a time to view your next home
Saving for a down payment can seem like a daunting task, but the more you know about what’s required, the more prepared you’ll be to make the best decision for you and your family. This tax season, your refund could be your key to homeownership.
Silverton: 503.874.4666
Woodburn: 503.446.5411
Keizer: 971.339.5244
Lisa Santana
Lisa Santana, Your Real Estate Expert and GuideHi, I’m Lisa Santana—Managing Principal Broker and Owner of BST Realty, LLC. I’ve been serving clients across Silverton and the Willame....
Latest Blog Posts
What is Curb Appeal?Curb appeal refers to the visual attractiveness of a property when viewed from the street or sidewalk. It is the first impression that a home creates for visitors, potential
Today’s Housing Market Is Nothing Like 15 Years AgoThere’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the
You May Have More Negotiation Power When You Buying a Home TodayDid the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you
The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than BST Realty, LLC are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).
This content last updated on September 21, 2026 9:32 PM UTC Some properties which appear for sale on this website may subsequently have sold or may no longer
All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by RMLSTM.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLSTM of Portland, Oregon. Real estate listings held by brokerage firms other than BST Realty, LLC are marked with the RMLSTM logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLSTM, Portland, Oregon.
This content last updated on September 21, 2026 5:48 PM UTC at 4 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Copyright © 2026 WVMLS. All Rights Reserved. Information last updated on September 21, 2026 9:23 PM UTC
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
