Texas has about 3.1 million small business owners who can apply for small business grants. Submitting an application and competing for Texas small business grants can help you grow your small or medium-sized enterprise in the Lone Star State.
The Texas economy has a gross domestic product of $2.36 trillion as of 2022. That’s the second largest GDP in the United States out of the 50 states and the District of Columbia. Small businesses contribute to the nation’s economy.
Small and medium-sized firms exported about $95.4 billion worth of goods from Texas in 2020, making it the largest small business exporting state nationwide, according to the most recent U.S. Census Bureau export data.Below we highlight some of the top small business grants in Texas that you can explore.
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Grants for Small Businesses in Texas
If you’re looking for small business grants in Texas, here are some potential options to consider:
Texas Workforce Commission (TWC) Skills for Small Business Grant
- Program description: This program provides small business owners with workforce training funds that can help employees learn new skills.
- Incentive: Small businesses can receive workforce training funds covering up to $1,800 of eligible tuition costs in a 12-month period for a new employee and up to $900 in a 12-month period for an existing employee who learns new skills in a continuing education course.
- General requirements: Here are some of the general requirements for this grant:
- Be a small business owner based in Texas
- Employ at least one full-time employee and not more than 99
- Pay the prevailing wage in your local labor market
- Use the funding to train at least one full-time employee
- All training must be provided by a public community or technical college
- Self-employed individuals are not eligible for this grant program
- How to apply: Visit the TWC website to apply.
Texas Department of Agriculture (TDA) State Trade Expansion Program (STEP) Grant
- Program description: The Texas Department of Agriculture offers STEP grants that can help you export your goods and services from the Lone Star State to foreign markets.
- Incentive: Receive reimbursement for eligible business expenses, including your expenses of advertising overseas, attending international trade shows, and covering interpreter fees, among other export-related expenses.
- General requirements: Here are some of the general requirements for this grant:
- Operate a Texas-based small company with a for-profit business structure
- Be in good standing with the Texas Comptroller of Public Account
- Have at least one year of business experience
- Understand how exporting works and the cost of doing business with foreign buyers
- Have a Federal Identification Number tied to a Texas address
- Have a product or service that’s manufactured, produced, processed, or value-added in Texas
- Be new to export or expand your exports to new markets abroad
- How to apply: Check the TDA website for details when the application period opens.
Texas Small Business Emergency Micro-grant Source (TSBEMS)
- Program description: TSBEMS can provide emergency funding to eligible small businesses facing unexpected financial challenges.
- Incentive: Receive micro-grants ranging from $100 to $1,000.
- General requirements: Here are some of the general requirements for this micro-grant:
- Be a small business owner registered in Texas
- Be open for business with at least two years of operational experience
- Suffered unforeseen damages or business losses beyond your control
- No prior history of receiving a TSBEMS micro-grant
- How to apply: Contact the nonprofit Texas Black Expo for information on applying.
City of Austin’s Zero Waste Business Rebate
- Program description: The City of Austin offers rebates for eligible businesses that improve their waste reduction and diversion practices.
- Incentive: Receive up to $3,000 reimbursement for reducing waste beyond the minimum requirements of Austin’s Universal Recycling Ordinance.
- General requirements: Here are some of the general requirements for this rebate program:
- Business is based within the City of Austin’s full purpose jurisdiction
- Business owner provides on-site recycling services to tenants and employees on company premises as required by City of Austin Code of Ordinances
- You’re in compliance with municipal Austin City Codes
- All tax accounts are in good standing
- How to apply: Access the rebate application via the City of Austin website.
City of Rosenberg Business Improvement Grant Program
- Program description: The Rosenberg Development Corporation (RDC) offers partial reimbursements to eligible businesses that make capital improvements to their Rosenberg commercial properties.
- Incentive: Receive up to $10K reimbursement for implementing a qualifying project, including façade improvements, landscaping, and demolition of abandoned signs and structures.
- General requirements: Here are some of the general requirements for this grant program:
- Business is based within Rosenberg city limits in Fort Bend County, Texas
- Entity structured as a for-profit business
- Have no outstanding financial obligations to the City of Rosenberg
- Have no active lawsuits against the City of Rosenberg
- Business facilities not used for residential purposes
- How to apply: You can obtain an application via the City of Rosenberg website.
Who Provides Small Business Grants in Texas?
Municipal, county, and state governments in Texas may offer small business grants in the Lone Star State. Corporate entities may also provide financial assistance to Texas establishments.You can compare small business grants in Texas with similar programs in other states, such as:
- California small business grants
- Colorado small business grants
- Florida small business grants
- Indiana small business grants
- New York small business grants
- Wisconsin small business grants
Do You Have to Pay Back a Small Business Grant?
A small business grant typically comes with terms and conditions, and you may be responsible for paying back the grant if you violate those terms. In general, small and midsized business owners are not required to pay back an SMB grant absent any violations.
You typically have to sign a funding agreement to accept a small business grant. As mentioned above, the grant may come with certain conditions. Using the grant for an illegitimate purpose may violate the agreement and require business owners to pay back the grant.
Small business grants may require you to spend the money by a certain date. You may also have to provide proof of payment and a written statement detailing how you’ve spent the grant.
Who Is Eligible for Small Business Grants in Texas?
Local business owners or operators of an enterprise with fewer than 500 employees may be eligible for small business grants in Texas.
The U.S. Small Business Administration’s Office of Advocacy generally defines a small business as an independent business having fewer than 500 employees. A small business, including individuals with freelancing business ideas, may be eligible for small business grants.
What Industries Does Texas Support With Grants?
Texas offers a variety of grants supporting the following industries:
- Manufacturing
- Food services and drinking places
- Real estate
- Restaurants and other eating places
- Retail trade (store and nonstore retailers)
Texas Resources for SMB Owners Looking for Funding
Here are some resources for small and medium-sized businesses looking for funding in the Lone Star State:
Texas Small Business Development Center (SBDC) Network
The Texas SBDC network can provide Texas small business owners with the following services:
- In-person business training and webinar events
- Access to market research reports
- Professional business advising at no cost
SBA District Offices in Texas
The U.S. Small Business Administration (SBA) is a federal agency that provides resources and support to small business owners. The SBA has six district offices in Texas:
- SBA Dallas / Fort Worth District Office. This SBA district serves 72 counties in northeastern Texas. It’s based in Euless.
- SBA El Paso District Office. This SBA district serves nine counties in western Texas. It’s based in El Paso.
- SBA Houston District Office. This SBA district serves 32 counties in southeastern Texas. It’s based in Houston.
- SBA Lower Rio Grande Valley District Office. This SBA district serves 14 counties in southern Texas. Depending on where you’re based, you can contact the main office in Harlingen or the virtual office in Corpus Christi.
- SBA San Antonio District Office. This SBA district serves 55 counties in south central Texas. It’s based in San Antonio.
- SBA West Texas District Office. This SBA district serves 71 counties in western Texas. It’s based in Lubbock.
Alternative Funding Sources for Small Businesses in Texas
Here are some alternative funding sources for small businesses in Texas:
Texas Small Business Credit Initiative (TSBCI)
The Texas Small Business Credit Initiative is a federally funded program for small business owners in the Lone Star State. Federal law — the American Rescue Plan Act of 2021 — allocates more than $472 million to the TSBCI.Here’s how Texas plans to use the funding:
- TSBCI Loan Guarantee Program — $354 million. This program makes it easier for Texas startups to qualify for small business loans by providing guarantees of up to 80% of unpaid principal on enrolled loans.
- TSBCI Capital Access Program — $118 million. This program uses TSBCI matching funds to support portfolio insurance on small business loans. This can make it easier for socially and economically disadvantaged individuals to access small business funding.
Texas Microloan Lenders
Community-based nonprofits may offer microloans of up to $50,000 to small business owners in Texas, including microloans for women-owned small businesses. In general, microloans can range from $500 to $50K and may be available to startups.
Texas SMB Loans from Private Lenders
Banks, credit unions, and private lenders may offer different types of small business loans to Texas business owners.Here are some of the funding products you may consider depending on your needs:
- Commercial real estate loans
- Equipment financing
- Small business loans for startups
- Working capital lines of credit
This article originally appeared on SoFi.com and was syndicated by MediaFeed.org.
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Foreclosure rates make the home market a house of cards in these states
While foreclosures may have dropped overall compared to October, several major cities have maintained their high foreclosure rates. Foreclosure filings in metropolises like Cleveland, OH and Chicago, IL have skyrocketed since 2021, and a decline is not likely in the foreseeable future.
But it’s not just urban areas that are experiencing this nationwide trend. According to the experts at ATTOM Data Solutions, the number of U.S. housing units coast-to-coast that have gone into foreclosure has increased by a startling 57% since this time last year. While there was a slight dip in filings between October and November, slipping to 30,677 from 32,376 foreclosed homes, this only amounts to a 5% decline.
While mortgage rates seem to have peaked in October, the prices remain uncomfortably high, especially when compared to pre-pandemic numbers. Standard rates for both 10-year and 30-year fixed mortgages have varied this past year, however for the most part the rate is steadily rising. Currently at roughly 6.3%, the average interest rate for a traditional 30-year fixed mortgage has increased more than twofold from last year’s 3%. The primary driver behind this trend is the Federal Reserve’s decision to raise its own interest rate to combat inflation.
The housing industry has been flipped on its head by high mortgage rates, which have caused a dramatic cooling of a once-hot market. Even though home prices are declining in certain regions, this may not be enough to offset the extra costs that homeowners must pay due to rising mortgage rates.
Read on for the foreclosure rates in November 2022 – plus the five counties or county equivalents with the highest rates within those states.
Related: The safest cities in the US
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As previously noted, foreclosure rates decreased slightly compared to last month, but are up significantly compared to last year. Read on for November foreclosure rates for all 50 states — plus the District of Columbia — beginning with the state that had the lowest rate of foreclosure filings per housing unit.
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Ranking in population between Vermont and Alaska, the country’s second-and-third-least populous states, Washington, D.C. had 43 foreclosures in November, a substantial dip compared to October’s 68. With a total of 350,364 housing units, the foreclosure rate of the Nation’s Capital was one in every 8,148 households, putting it in between the states of Alaska (#36) and Missouri (#37).
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Unsurprisingly, the Mount Rushmore State nabbed the 50th spot for its November foreclosure rate for the third month in a row. Having 389,921 total housing units, the fifth-least populous state had a foreclosure rate of one in every 97,480 households with four foreclosures. Only one county in South Dakota saw any foreclosures: Minnehaha.
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In 49th place for population, the Green Mountain State maintained its 49th rank for foreclosure rate as well. Of the state’s 334,318 housing units, 17 homes went into foreclosure at a rate of one in every 19,666 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Bennington, Rutland, Washington, Windham, and Caledonia.
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The Peace Garden State’s foreclosure rate was one in every 15,443 homes. This puts the fourth-least populous state – with 370,642 housing units and 24 foreclosures — in 48th place, a slight improvement from last month’s 41st spot. The counties with the most foreclosures per housing unit were (from highest to lowest): Traill, Walsh, Morton, Ward, and Grand Forks.
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Ranked 38th in population, the Gem State earned the 47th spot as 56 of its homes went into foreclosure in November. With 751,859 total housing units, the state’s foreclosure rate was one in every 13,426 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Lewis, Lincoln, Payette, Twin Falls, and Clearwater.
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Sorted as 13th in population, the Evergreen State ranked 46th for highest foreclosure rate. It has 3,202,241 housing units, of which 248 went into foreclosure, making the state’s foreclosure rate one in every 12,912 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Lewis, Grays Harbor, Adams, Kitsap, and Cowlitz.
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With a total of 1,994,323 housing units, the Bluegrass State saw 168 homes go into foreclosure, sustaining its 45th ranking from September and October. This puts the foreclosure rate for the 26th most populous state at one in every 11,871 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Fulton, Boyd, Greenup, Carlisle, and Bath.
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New Hampshire, the 41st most populous state, ranked 44th for highest foreclosure rate. The granite state saw 62 of its 638,795 homes go into foreclosure, making for a foreclosure rate of one in every 10,303 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Belknap, Cheshire, Hillsborough, Rockingham, and Sullivan.
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Ranked 39th in population, the Mountain State earned the 43rd spot this month. It has 855,635 housing units, of which 84 went into foreclosure. This means that the foreclosure rate was one in every 10,186 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Hancock, Pleasants, Wood, Fayette, and Kanawha.
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The Sunflower State ranked 42nd in November, a rise compared to last month’s 47th spot. With 1,275,689 homes and a total of 127 housing units going into foreclosure, the 35th most populous state’s foreclosure rate was one in every 10,045 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Haskell, Kingman, Woodson, Norton, and Rooks.
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With 285 foreclosures out of 2,727,726 total housing units, America’s Dairyland and the 20th most populous state had a foreclosure rate of one in every 9,571 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Iron, Marquette, Kenosha, Richland, and Langlade.
Recommended: Tips on Buying a Foreclosed Home
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Listed as 44th in population, the Treasure State took the 40th spot. With 57 foreclosures out of 514,803 housing units, its foreclosure rate was one in every 9,032 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Fallon, Chouteau, Rosebud, Dawson, and Big Horn.
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Ranked 34th in population, the Magnolia State experienced 156 foreclosures out of 1,319,945 housing units. This puts the foreclosure rate at one in every 8,461 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Itawamba, Humphreys, Simpson, Copiah, and Hancock.
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The eighth-least populous state took the 38th spot for highest foreclosure rate. A total of 58 homes went into foreclosure out of 483,474 total housing units, making the foreclosure rate for the Ocean State one in every 8,336 households. With only five counties in the state, the most foreclosures per housing unit were (from highest to lowest): Bristol, Providence, Newport, Kent, and Washington.
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Listed as 19th in population, the Show-Me State came in 37th for highest rate of foreclosures. Of its 2,786,621 homes, 336 went into foreclosure, making for a foreclosure rate of one in every 8,294 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Webster, Mississippi, Barton, Gentry, and Laclede.
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The Last Frontier saw 42 foreclosures, making the foreclosure rate one in every 7,560 homes. This caused the third-least populous state, with a total of 317,524 housing units, to secure the 36th spot. Only four boroughs saw foreclosures. The boroughs with the most foreclosures per housing unit were (from highest to lowest): Matanuska-Susitna, Anchorage, Fairbanks North Star, and Kenai Peninsula.
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Ranked 16th in population, the Volunteer State endured 409 foreclosures out of its 3,031,605 housing units. This puts the foreclosure rate at one in every 7,412 homes and in the 35th spot. The counties with the most foreclosures per housing unit were (from highest to lowest): Hardin, Humphreys, Obion, Rhea, and Hickman.
Swarmcatcher
The 27th most populous state ranked 34th for highest foreclosure rate. Of the Pacific Wonderland’s 1,813,747 homes, 255 went into foreclosure, making for a foreclosure rate of one in every 7,113 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Lake, Crook, Josephine, Klamath, and Linn.
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The 21st most populous state ranked 33rd for highest foreclosure rate. Of the Centennial State’s 2,491,404 housing units, 380 went into foreclosure, making for a foreclosure rate of one in every 6,556 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Mesa, Teller, Archuleta, Morgan, and Pueblo.
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Ranked 22nd for most populous state, the Land of 10,000 Lakes took the 32nd spot for highest foreclosure rate. It has 2,485,558 housing units, of which 386 went into foreclosure, making the state’s foreclosure rate one in every 6,439 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Faribault, Mower, Waseca, St. Louis, and Wilkin.
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Sorted as 37th in population, the Cornhusker State ranked 31st with a foreclosure rate of one in every 6,396 homes. With a total 844,278 housing units, the state had 132 foreclosure filings. The counties with the most foreclosures per housing unit were (from highest to lowest): Webster, Hitchcock, Kearney, Frontier, and Nemaha.
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The 12th most populous state ranked 30th for highest foreclosure rate, with 575 homes going into foreclosure. Having 3,618,247 total housing units, the Old Dominion saw a foreclosure rate of one in every 6,293 households. The county and independent cities with the most foreclosures per housing unit were (from highest to lowest): Colonial Heights City, Martinsville City, Buena Vista City, Portsmouth City, and Giles.
DenisTangneyJr
Sorted as 14th in population, the Grand Canyon State withstood 493 foreclosures out of its 3,082,000 housing units. This puts the foreclosure rate at one in every 6,252 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Santa Cruz, Cochise, La Paz, Pinal, and Graham.
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Ranked 42nd in population, the Pine Tree State placed 28th for highest foreclosure rate. With a total of 739,072 housing units, it saw 123 foreclosures for a foreclosure rate of one in every 6,009 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Waldo, Oxford, Penobscot, Knox, and Franklin.
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The Beehive State placed 27th for highest foreclosure rate. Of its 1,151,414 housing units, 192 homes went into foreclosure, making the 30th most populous state’s foreclosure rate one in every 5,997 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Carbon, Millard, Box Elder, Beaver, and Tooele.
AndreyKrav
The 15th most populous state ranked 26th for highest foreclosure rate. Of 2,998,537 housing units, 506 went into foreclosure, making for a foreclosure rate of one in every 5,926 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Worcester, Hampden, Bristol, Franklin, and Hampshire.
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The Paradise of the Pacific, and the 40th most populous state, came in 25th for highest foreclosure rate. Of its 561,066 homes, 98 went into foreclosure, making for a foreclosure rate of one in every 5,725 households. Only four of the five counties in the state had foreclosures. They were (from highest to lowest): Hawaii, Honolulu, Kauai, and Maui.
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The ninth-most populous state claimed 24th place for highest foreclosure rate, an upturn from last month’s 7th spot. Out of 4,708,710 homes, 852 went into foreclosure. This puts the Tar Heel State’s foreclosure rate at one in every 5,527 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Northampton, Nash, Pasquotank, Cherokee, and Tyrrell.
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The Keystone State has the 23rd highest foreclosure rate. The fifth-most populous state saw a total of 1,060 housing units out of 5,742,828 homes go into foreclosure, making the state’s foreclosure rate one in every 5,418 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Delaware, Philadelphia, Berks, Bucks, and Lancaster.
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Sorted as 25th in population, the Pelican State took the 22nd spot, an unfavorable contrast to last month’s 32nd ranking. This means that the state had a foreclosure rate of one in every 5,170 households, with 401 homes out of a total of 2,073,200 housing units going into foreclosure. The parishes with the most foreclosures per housing unit were (from highest to lowest): West Baton Rouge, Tangipahoa, Plaquemines, DeSoto, and Livingston.
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Listed as the 33rd most populous state, the Land of Opportunity took 21st place for highest foreclosure rate in November, an improvement over last month’s 15th ranking. The state has 1,365,265 housing units, of which 271 went into foreclosure, making the state’s latest foreclosure rate one in every 5,038 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Lincoln, Poinsett, Jackson, Franklin, and Mississippi.
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Bentonville Arkansas by Alfredo Carrillo (CC BY)
The Lone Star State saw 2,303 foreclosures this month. With a foreclosure rate of one in every 5,032 households, this puts the second-most populous state in the U.S., with a whopping 11,589,324 housing units, into the 20th spot yet again. The counties with the most foreclosures per housing unit were (from highest to lowest): Cochran, Ector, Liberty, Kinney, and Shackelford.
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The 36th most populous state claimed the 19th spot for highest foreclosure rate. Of the Land of Enchantment’s 940,859 homes, 187 went into foreclosure, making for a foreclosure rate of one in every 5,031 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Valencia, Chaves, Eddy, Bernalillo, and Sandoval.
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With 317 of its 1,530,197 homes going into foreclosure, the Constitution State once again had the 18th highest foreclosure rate at one in every 4,827 households. In the 29th most populous state, the counties that had the most foreclosures per housing unit were (from highest to lowest): Windham, Litchfield, Hartford, Tolland, and Fairfield.
traveler1116
Ranked 10th in population, the Wolverine State secured the 17th spot with a foreclosure rate of one in every 4,259 homes. With a total of 4,570,173 housing units, the state had 1,073 foreclosure filings. The counties with the most foreclosures per housing unit were (from highest to lowest): Shiawassee, Wexford, St. Joseph, Lenawee, and Monroe.
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The country’s most populous state ranked 16th for highest foreclosure rate. Of its impressive 14,392,140 housing units, 3,483 went into foreclosure, making the Golden State’s foreclosure rate one in every 4,132 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Siskiyou, Trinity, Lake, Yuba, and Kern.
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The Hawkeye State had the 15th highest foreclosure rate. With 346 housing units out of 1,412,789 homes going into foreclosure, the 31st most populous state’s foreclosure rate was one in every 4,083 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Des Moines, Emmet, Henry, Fremont, and Union.
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Listed as 24th in population, the Yellowhammer State came in 14th for highest foreclosure rate. Of its 2,288,330 homes, 567 went into foreclosure, making for a foreclosure rate of one in every 4,036 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Coosa, Jefferson, Covington, Walker, and Calhoun.
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The third-most populous state in the country has a total of 9,865,350 housing units, of which 2,513 went into foreclosure. The Sunshine State’s foreclosure rate is one in every 3,926 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Bradford, Union, Clay, Escambia, and Palm Beach.
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The Sooners State claimed the 12th spot, a sizable disappointment compared to October’s 31st ranking. With housing units totaling 1,746,807, the 28th most populous state saw 448 homes go into foreclosure at a rate of one in every 3,899 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Tulsa, Garfield, Canadian, Dewey, and Cleveland.
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Ranked 18th for most populous state, America in Miniature took 11th place for highest foreclosure rate. With a total of 2,530,844 housing units, of which 670 housing units went into foreclosure, the state’s foreclosure rate was one in every 3,777 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Charles, Dorchester, Caroline, Cecil, and Washington.
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Ranked eighth in population, the Peach State acquired the 10th spot for highest foreclosure rate. Of its 4,410,956 homes, 1,182 were foreclosed on. This puts the state’s foreclosure rate at one in every 3,732 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Calhoun, Turner, Newton, Walton, and Liberty.
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With 2,296 out of a total 8,488,066 housing units going into foreclosure, the Empire State claimed the 9th spot in November. The fourth-most populous state’s foreclosure rate was one in every 3,697 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Washington, Chautauqua, Suffolk, St. Lawrence, and Putnam.
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The 17th largest state by population, the Crossroads of America grasped the eighth spot with a foreclosure rate of one in every 3,419 homes. Of its 2,923,175 housing units, 855 homes were foreclosed on in November. The counties with the most foreclosures per housing unit were (from highest to lowest): Jennings, Fountain, Vermillion, Sullivan, and Morgan.
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Ranking 32nd in population, the Silver State took the seventh spot for foreclosure rate. With one in every 3,319 homes going into foreclosure, and a total of 1,281,018 housing units, the state had 386 foreclosure filings. The counties with the most foreclosures per housing unit were (from highest to lowest): White Pine, Clark, Lander, Nye, and Humboldt.
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The Buckeye State took sixth place yet again in November with a foreclosure rate of one in every 3,238 homes. With a total of 5,242,524 housing units, the seventh-most populous state had a total of 1,619 filings. The counties with the most foreclosures per housing unit were (from highest to lowest): Jefferson, Huron, Cuyahoga, Columbiana, and Harrison.
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The country’s least populous state surprisingly claimed the 5th spot for highest foreclosure rate in November, a drastic change from October’s 44th ranking. With 271,887 housing units, of which 84 went into foreclosure, the Equality State’s foreclosure rate was one in every 3,237 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Platte, Campbell, Carbon, Natrona, and Sublette.
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With one in every 3,195 homes going into foreclosure, the Palmetto State obtained the fourth ranking once again. The 23rd most populous state has 2,344,963 housing units and saw 734 foreclosure filings. The counties with the most foreclosures per housing unit were (from highest to lowest): Orangeburg, Colleton, Kershaw, Dorchester, and Lexington.
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With a foreclosure rate of one in every 2,916 homes, the Garden State placed third for, ironically, the third time in a row. The 11th most populous state has 3,761,229 housing units, of which 1,290 went into foreclosure. The counties with the most foreclosures per housing unit were (from highest to lowest): Gloucester, Cumberland, Salem, Camden, and Sussex.
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The sixth-least populous state in the country, the Small Wonder maintained its second place spot from October. With one in every 2,736 homes going into foreclosure and a total 448,735 housing units, the state saw 164 foreclosure filed. With only three counties in the state, the most foreclosures per housing unit were (from highest to lowest): Kent, New Castle, and Sussex.
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The Land of Lincoln made the top spot for highest foreclosure rate for the fourth month in a row, the longest of any state. Of its 5,426,429 homes, 2,260 went into foreclosure, making the sixth-most populous state’s foreclosure rate one in every 2,401. The counties with the most foreclosures per housing unit were (from highest to lowest): Mason, Livingston, Rock Island, Logan, and Marshall.
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Of all 50 states, California had the most foreclosure filings (3,483), and South Dakota had the least (4). As for the states with the highest foreclosure rates, Illinois, Delaware, and New Jersey took the top three spots, respectively.
Two regions – The Great Lakes and the Mideast – tied for having the largest presence among the 10 states that ranked the highest for foreclosure rates. The states in the Great Lakes region were (from highest to lowest): Illinois, Ohio, and Indiana. The states in the Mideast region were (from highest to lowest): Delaware, New Jersey, and New York.
The Plains region had the largest presence among the 10 states that ranked the lowest for foreclosure rates. The states were (from highest to lowest): Kansas, North Dakota, and South Dakota.
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This article originally appeared on SoFi.comand was syndicated by MediaFeed.org.
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