Average Down Payments
November 05, 2022
While the housing market begins to cool, home prices are still significantly higher in many parts of the U.S. than before the COVID-19 pandemic, according to a new study from LendingTree. One of the side effects of these higher home prices is higher down payments.
On average, Lending Tree found that homebuyers across the nation’s 50 largest metros are putting tens of thousands of dollars, toward their down payments. Even in areas where household incomes and loan amounts are relatively low, five-figure down payments are common
