Down Payments Drop On Home Mortgages As Lenders See Less Risk

by Categorized: Real Estate Date:

The average down payment from potential home-mortgage borrowers in the third quarter was 15.74 percent, down from 16.1 percent in the 2nd quarter, according to figures released Wednesday by LendingTree.
Average loan amounts also dropped to $218,343 in the quarter, down from $221,694 the previous quarter.
Here’s who puts down what in each state. (Note that Connecticut puts down the sixth-highest amount, 17.8 percent.)

hc-tbl-average-down-payment-2-page-001

The Courant is using Facebook comments on stories. To comment on courant.com articles, sign into Facebook and enter your comment in the field below. Comments will appear in your Facebook News Feed unless you choose otherwise. To report spam or abuse, click the X next to the comment. For guidelines on commenting, click here.