Financial Times
How Much Salary By State is Needed to Buy a Home?
Imagine having to bring home $113.5K a year to afford a home?
May 22, 2017

$40,000 salary in Detroit should suffice, but $150,000 in San Francisco is not quite enough…This infographic details home costs per major metropolitan area across the US.

A report released by, a mortgage advisory website based this on the premise that 28% of incomes would go towards a monthly mortgage payment, and also allowed for a 20% down payment, the national average. Thankfully mortgage payments span over a 30 year period. However, the down payment is due right away, before closing and needs immediate consideration if you are actively looking to buy a home. What you might not know, but should is that the down payment source is a sticky subject with lenders. Many sources do not qualify by the lender. While some people are “gifted” the down payment from a family member, and others are lucky enough to qualify for a no-down-payment loan, most find it difficult to come up with the traditional 20% down payment. FHA Mortgages, although considred a low-down-payment mortgage, at only 3.5%, still will run about $3,000 – $8,000 upfront and most loans do not qualify as a down payment source, except for asset-backed loans such as a Title Loan. If you own your vehicle (auto or motorcycle) you could qualify for a Title Loan. Find out how to get a Title Loan with an easy online approval process and often same day cash at Title Pro.

Find out more on how much money you need to make to buy a home in your area at

Find out how much you can get for your down payment or other immediate cash needs today!

About Title Pro

Title Pro offers you a secured online loan at a competitive rate. You apply online, you get a decision online, and you complete the process online. It’s quick, it’s transparent, and it’s straightforward.


Title Pro gives you the power to make your car’s equity work for you. We offer competitive rates and a convenient monthly payment schedule with a convenient online process. Fill out an application now… you’ll know the results today and you can have cash as soon as today*.

When you need a car title loan company, and need cash quick, we’re only a keystroke away. At Title Pro, we’re here for you when and where you need us most! Find out how it works & how much you can get.

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  • * Loan transactions completed before 4pm CST on the same business day may be eligible for same day funding.

    To qualify for a Title Pro loan, applicants must satisfy all Title Pro eligibility requirements including, without limitation, an unencumbered motor vehicle title, satisfactory vehicle appraisal, verifiable identity, a minimum satisfactory FICO® score, valid and verifiable email address, valid and verifiable bank account and, in some states, minimum verifiable income. Applicants must be 18 years of age or older (19 in Alabama). Title Pro reserves the right to require all applicants to submit documentation to validate loan eligibility requirements. Available loan amounts, repayment periods and applicable finance charges vary by state and are governed by state law and the Title Pro loan agreement. Refer to the States and Fees page for further details on Title Pro’s licenses, available loan amounts, and loan pricing.

    Title Pro currently does business only in South Carolina, Georgia, Alabama, California, New Mexico, and Utah. If Title Pro is not able to approve you for a loan, or if you reside in a state where Title Pro does not currently do business, you may request Title Pro to refer you to another creditor who may be able to assist you with your credit needs.

    In South Carolina, Georgia, Alabama, California, New Mexico, and Utah, all Title Pro loans have a contractual term of 36 months. Following is a representative example of a $3,500 Title Pro loan.

    In South Carolina, Title Pro makes motor vehicle title secured supervised loans authorized by the South Carolina Consumer Protection Code, § 37-3-501 et seq.; Title Pro does not offer short-term vehicle secured loans as defined by South Carolina Consumer Protection Code, § 37-3-413.

    Loan Proceeds Title Fee (amt. varies by state) Finance Charge Payment Schedule+ 36 payments of: Total of Payments Annual Percentage Rate (APR)
    $3,500 $15.00 $2,279.30 $160.96 $5,794.30 35.98%
  • + The loan example above assumes a monthly payment schedule with payments due on the same date of each month – actual monthly payment amounts and APRs may vary depending on the month and date of loan origination. The final scheduled payment amount typically differs from the standard payment amount.
  • - California customers: In California, the minimum loan amount is $2600. Loans are made by TMX Credit, Inc. d/b/a Title Pro, California Finance Lender Law License No. 603 J737. Refer to the States and Fees page for further details.

    The minimum contractual term of a Title Pro loan is 36 months, and the maximum contractual term of a Title Pro loan is 36 months. The maximum annual percentage rate (APR) for Title Pro loans is 35.99%.
  • - New Mexico Consumers: please see important New Mexico Consumer Information and Disclosures.
  • - Utah Consumers: please see Utah QUESTIONS or COMPLAINTS.
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