downpayment Archive

Home Buyer Characteristics by Age

The REALTORS® Confidence Index, based on approximately 3,000 random responses each month, provides insight on home buyer characteristics.  An analysis of buyers by age shows the differences between age groups. Sixty percent of buyers aged 34 and under previously...

60 Percent of First-time Buyers Put Down 6% or Less

About 60 percent of first time home buyers put down 6 percent or less, according to the March REALTORS® Confidence Index. This is down from about 74 percent in 2009. Under tight underwriting standards, REALTORS® have reported that buyers...

The Down Payment Challenge and the Typical Renter

Tight credit characterizes the current housing environment. Buyers with large down payments are reported to have the bidding edge for houses. However, 60 percent of first–time buyers made a down payment of 6 percent or less as of February...

Fewer First-time Buyers Obtaining Mortgages With Low Down Payment

NAR’s REALTORS® Confidence Index Survey data shows that fewer first-time buyers are obtaining mortgages with down payment of 6 percent or less [1]. In 2009, among REALTORS® who reported a sale to a first-time home buyer, 74 percent of...

37 Percent of REALTORS® With Mortgage Sales Reported Downpayment of 20+%

Based on data from the January 2014 REALTOR® Confidence Index survey, about 37 percent of respondents who reported a mortgage-financed sale reported a down payment of 20 percent or more. Under more cautious underwriting standards, buyers may have to...