As of 2024, the typical down payment is less than 20%, with the average down payment on a house for a first-time buyer currently hovering around 6-7%, Opens overlay. Footnote 1Opens overlay For many aspiring homeowners, the thought of coming up with a 20% down payment on a house over...
"Don't get discouraged if you can't buy today," Kushi advised. "It can allow you to save for a down payment, and maybe more inventory can hit the market." She also advises renters to shop around for a mortgage. "A lot of first-time buyers don't realize you can get quoted a lot...
Instead of the typical 20% suggested by many lenders for conventional mortgages, prospective buyers are now saddled with a 35.4% down payment in order to make an average home affordable. This down payment is necessary for homes valued at about $360,000. The down payment needed in today’s h...
The typical U.S. homebuyer made a $42,000 down payment in January, the lowest level in nearly two years, amid rising mortgage rates and low competition. At the same time, the share of homes bought in cash reached a nine-year high.
You can set your buyer requirements to block buyers that have xx number of unpaid item cases/strikes against them over a given period of time which may help a little bit but these scammers tend to switch accounts often. Since you are a new seller you are a prime target for the scammers...