Share
- The share of buyers making a downpayment of 20% or more accounted for one third of all transactions in Region 1 (Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut) during the 3rd quarter.
- Downpayment requirements have been elevated for some time, but the new, lower conforming loan limits resulted in higher downpayment requirements in many parts of the high priced Northeast.
- While the limits changed on October 1st, banks and mortgage brokers were putting the new requirements in place in advance of the statutory change anticipating long pipelines of mortgages waiting for closings.
To find the full surveys for each region, click here >
Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.