• Metro East REIA

Top Metros with Highest Home-Purchase Down Payments

Which places in America have the highest hoe purchase down payments? That answer can be found in ATTOM Data’s Q3 2021 U.S. Residential Property Mortgage Origination Report which says the national median down payment hit its highest levels since at least 2005. The report said the median down payment on single-family homes purchased with financing in Q3 was $27,500 – up 5.8% in Q2 and 41% from one year ago. In addition, they said overall mortgage lending was down 8% in Q3, marking the second straight quarterly decline and the first time in more than two years that total lending decreased in two consecutive quarters. Continue reading HERE...

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