Click me
Transcribed

Down Payment Affordability

DOWN PAYMENT AFFORDABILITY 10 LOWEST 10 HIGHEST #1 - Arkansas #42 - Nevada #2 - North Dakota # 43 - Connecticut #3 - Indiana #44 - Florida #4 - Missouri # 45 - Massachusetts Average U.S. down payment amount $47,585 or 17.59% in Q4 2014 #5 - Ohio # 46 - Washington #6 - Alabama # 47 - New Jersey #7 - Oklahoma # 48 - Hawaii #8 - Vermont # 49 - California Borrowers on average electing to put more money down for a home purchase meaning lower market risk for lenders and increased equity for home owners. #9 - South Dakota #50 - New York #10 - Kansas #51 - D.C. Data ranked from lowest to highest down payment percentages WASHINGTON 46 MAINE MONTANA 15 19.22% NORTH DAKOTA 16.12% 33 MINNESOTA OREGON 17.04% 15.09% 23 VT NH 16 IDAHO VT: 8 (15.68%) SOUTH DAKOTA 16.44% WISCONSIN 16.14% NEW YORK 21 NH: 19 (16.35%) MA 11 WYOMING 9. 50 20.02% 16.42% MICHIGAN CT MA: 45 (18.98%) 15.86% RI 35 15.83% 39 IOWA 17.35% PENNSYLVANIA CT: 43 (18.13%) NEBRASKA 13 37 NEVADA 17.24% NJ RI: 24 (16.54%) OНIO 17.28% 20 UTAH 16.05% ILLINOIS INDIANA 42 MD NJ: 47 (19.33%) 16.42% DE 17 COLORADO 31 3. WEST VIRGINIA 15.62% DE: 38 (17.30%) 17.95% 16.42% KANSAS 27 VIRGINIA 32 16.98% 40 MISSOURI CALIFORNIA 16.28% MD: 30 (16.91%) KENTUCKY 16.77% 10 25 17.02% 49 17.38% DC: 51 (20.26%) 15.83% 16.62% 15.55% NORTH CAROLINA 19.83% TENNESSEE 28 ARIZONA OKLAHOMA 22 16.78% NEW MEXICO ARKANSAS 16.43% SOUTH CAROLINA 14 12 29 1 15.64% ALABAMA GEORGIA 16.00% 16.12% 14.70% MISSISSIPPI 16.86% 18 26 TEXAS 15.63% 16.34% LOUISIANA 16.64% 36 34 17.15% FLORIDA 17.27% 44 18.21% ALASKA 41 17.86% HAWAII 48 19.70% lendingtree Data as of January 2015

Down Payment Affordability

shared by LendingTree on Mar 23
62 views
0 shares
0 comments
Ever wonder how much people are putting towards their down payment? This infographic shoes the average down payment that people made, sorted by state, during 2014. People are becoming more responsible...

Publisher

LendingTree

Category

Home
Did you work on this visual? Claim credit!

Get a Quote

Embed Code

For hosted site:

Click the code to copy

For wordpress.com:

Click the code to copy
Customize size