Account: Login or Signup


It Is Tax Season… Use Your Refund to Jump Start Your Down Payment Savings!

According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year.

Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals; for anyone looking to buy a home in 2018, this can be a great jump start toward a down payment!

The map below shows the average tax refund Americans received last year by state. (The refunds received for the 2017 tax year should continue to reflect these numbers as the new tax code will go into effect for 2018 tax filings.)

It's Tax Season… Use Your Refund to Jump Start Your Down Payment Savings! | MyKCM

Many first-time buyers believe that a 20% down payment is required to qualify for a mortgage. Programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae all allow for down payments as low as 3%, with Veterans Affairs Loans allowing many veterans to purchase a home with 0% down.

If you started your down payment savings with your tax refund check this year, how close would you be to a 3% down payment?

The map below shows what percentage of a 3% down payment is covered by the average tax refund by taking into account the median price of homes sold by state.

It's Tax Season… Use Your Refund to Jump Start Your Down Payment Savings! | MyKCM


The darker the blue, the closer your tax refund gets you to homeownership! For those in Alabama looking to purchase their first homes, their tax refund could potentially get them 69% closer to that dream!

Bottom Line

Saving for a down payment can seem like a daunting task. But the more you know about what’s required, the more prepared you can be to make the best decision for you and your family! This tax season, your refund could be your key to homeownership!

Get the info that you want - right now!

Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years

If you have held off on moving up to your family’s dream home because you were hoping to time the market, that time has come.

Read More

Top Home Renovations for Maximum ROI

Top Home Renovations for Maximum ROI

Read More

Housing Market Expected To “Spring Forward” This Year

If you are planning on selling your home in 2018, let’s get together to evaluate the opportunities in our market.

Read More

About Area

Come kickback, relax, and enjoy the Blue Ridge Mountains! Whether you are looking to get back to nature on the Appalachian Trail or Lake Nottely, take in one of our many festivals, or visit some of the local artisan shops you will find it in Blairsville, GA.

Featured Properties

Young Harris

  • 3 Bathrooms
  • 4 Bedrooms
  • $ 379000

Young Harris

  • 4 Bathrooms
  • 5 Bedrooms
  • $ 429000

Young Harris

  • 3 Bathrooms
  • 3 Bedrooms
  • $ 219000

Client Reviews

Subscribe to our Monthly Mountain Market Report

Subscribe to our Monthly Mountain Market Report . All fields with an * are required.