This statistic shows the amount of down payment people believe is needed for a mortgage in the United States in 2017, by age. During the survey, 35 percent of respondents aged 18 to 34 said that they believed a 15 percent or higher down payment was needed to get a mortgage.
Amount of down payment people believe is needed for a mortgage in the United States in 2017, by age
This question was phrased by the source as follows: "as you probably know, most banks and lenders require a down payment on the cost of the home before they will approve a mortgage. If you were to buy a home today, what percentage of the total purchase price do you expect a bank or lending company would require as a down payment for a home mortgage?"
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National Association of Realtors. (July 12, 2017). Amount of down payment people believe is needed for a mortgage in the United States in 2017, by age [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/726081/amount-of-down-payment-people-believe-is-needed-for-a-mortgage-usa-by-age/
National Association of Realtors. "Amount of down payment people believe is needed for a mortgage in the United States in 2017, by age." Chart. July 12, 2017. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/726081/amount-of-down-payment-people-believe-is-needed-for-a-mortgage-usa-by-age/
National Association of Realtors. (2017). Amount of down payment people believe is needed for a mortgage in the United States in 2017, by age. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/726081/amount-of-down-payment-people-believe-is-needed-for-a-mortgage-usa-by-age/
National Association of Realtors. "Amount of down Payment People Believe Is Needed for a Mortgage in The United States in 2017, by Age." Statista, Statista Inc., 12 Jul 2017, https://www.statista.com/statistics/726081/amount-of-down-payment-people-believe-is-needed-for-a-mortgage-usa-by-age/
National Association of Realtors, Amount of down payment people believe is needed for a mortgage in the United States in 2017, by age Statista, https://www.statista.com/statistics/726081/amount-of-down-payment-people-believe-is-needed-for-a-mortgage-usa-by-age/ (last visited December 30, 2024)
Amount of down payment people believe is needed for a mortgage in the United States in 2017, by age [Graph], National Association of Realtors, July 12, 2017. [Online]. Available: https://www.statista.com/statistics/726081/amount-of-down-payment-people-believe-is-needed-for-a-mortgage-usa-by-age/
