Homebuyers’ Down Payments Are Shrinking for the First Time in Almost Two Years as Housing Market Cools

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  • The typical U.S. homebuyer puts 15% down, essentially unchanged from 15.1% last year.
  • FHA and VA loans are becoming more common as the housing market tilts toward buyers. Just over 15% of mortgaged homebuyers use an FHA loan, and just over 7% use a VA loan, up from last year.
  • 31% of buyers are paying all cash, little changed from a year ago and down from pandemic-era peaks.

The typical U.S. homebuyer’s down payment is $62,468, down by roughly 1% year over year, the first annual decline in nearly two years.

https://www.redfin.com/news/down-payment-dollars-falling/