Today’s average down payment is less than most people think

Today’s average down payment is much lower than most people think!

While a down payment of 20% or more does have benefits, the typical buyer is putting far less down.

Unless specified by your loan type or lender, it’s typically not required to put 20% down.

SPOILER ALERT! The average down payment hasn’t been over 20% since 2005. It may sound surprising, but today, that number is only 13%. And it’s even lower for first-time homebuyers, whose average down payment is only 7%!

If you’re interested in learning more about low down payment options, there are several places to go. There are programs for qualified buyers with down payments as low as 3.5%.

Does that get you EXCITED!? If so, let’s sit down and have a chat to see how we can get you into a new home this year with a small down payment that’ll leave you with leftover savings to remodel, renovate, invest, pay down debts… The possibilities are endless!

Hokel Real Estate Team | www.hokelrealestateteam.com | 515-981-2113