RSS   Newsletter   Contact   Advertise with us

Average down payments rise as housing demand, competition increase

Staff writer ▼ | November 21, 2015
Average down payment percentages for conventional 30-year fixed rate purchase mortgage offers rose slightly in the third quarter to an average of 17.63 percent, according to LendingTree.
Average down payments
Housing   According to a report by LendingTree:
That was up slightly from 17.34 percent in the prior quarter and 16.29 percent in Q3 2014. The average down payment amount also rose quarter-over-quarter to $48,924, a sizeable increase from the previous quarter's average of $44,204.

The average down payment for all purchase mortgages, including FHA, VA, non-prime, and jumbo mortgages in the second quarter was $49,127 or 15.41 percent.

The average down payment on an FHA mortgage in the second quarter was 7.99 percent, or $15,391, representing a slight increase from Q2 2015. The average down payment on a jumbo mortgage was 23.98 percent, or $170,185.