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
Source
https://www....nt-2014-q4Category
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