How Much Are Average Down Payments on Houses?


Quick Answer

As of 2015, the average down payment for a house is 20 percent, though some buyers pay between 10 and 25 percent. Some specialty mortgages require a lower down payment, such as an FHA loan that only requires 3.5 percent.

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Full Answer

The 20 percent down payment is often recommended by lenders, but it is sometimes difficult to afford. For a $200,000 house, a 20 percent down payment equates to $20,000. There are other options that accept a lower down payment, such as a Veterans Administration loan that usually does not have any required down payment. FHA-insured loans provided by the Federal Housing Administration have a lower down payment and are more lenient with credit requirements.

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