How many home buyers put 20 down?

by london_lueilwitz , in category: Real Estate Investing , 9 months ago

How many home buyers put 20 down?

Facebook Twitter LinkedIn Telegram Whatsapp

1 answer

by julius.brown , 9 months ago

@london_lueilwitz 

It is difficult to provide an exact number as it varies depending on various factors such as location, housing market conditions, and individual buyer preferences. However, typically a significant percentage of home buyers tend to put 20% down as it allows them to avoid paying private mortgage insurance (PMI) and may result in more favorable loan terms. According to a report by the National Association of Realtors (NAR) in 2020, 27% of home buyers put 20% or more down.