{"id":7739,"date":"2018-01-07T00:00:00","date_gmt":"2018-01-07T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/how-much-buyers-put-down-on-their-home\/"},"modified":"2018-01-07T00:00:00","modified_gmt":"2018-01-07T00:00:00","slug":"how-much-buyers-put-down-on-their-home","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/how-much-buyers-put-down-on-their-home\/","title":{"rendered":"How Much Buyers Put Down on Their Home"},"content":{"rendered":"<p>\n<\/p>\n<div property=\"dc:description\" readability=\"19.132220795892\"><!--paging_filter--><\/p>\n<p>The majority of buyers who obtained a <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">mortgage<\/a> last year made a down payment of less than 20 percent, according to the National Association of REALTORS\u00ae\u2019 2017 Profile of Home Buyers and Sellers. The median down payment in 2017 was 10 percent, according to the report.<\/p>\n<p>The bulk of buyers\u2019 down payments came from their personal savings, but a fraction also came from the sales proceeds of a previous residence or assistance from family or friends. Among first-time buyers, 61 percent made an average down payment of zero percent to 6 percent, according to the November 2017 REALTORS\u00ae Confidence Index Survey.\u00a0<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2018_jan\/NARInfographic-FinancingtheHome%20Purchase.jpg\" style=\"width: 620px; height: 999px;\"\/><\/p>\n<p><em>Source: \u201c61 Percent of First-Time Buyers Made a Low Downpayment in November 2017,\u201d National Association of REALTORS\u00ae Economists\u2019 Outlook blog (Jan. 2, 2018)<\/em><\/p>\n<\/div>\n<p><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/_32H8dTA6ao\/how-much-buyers-put-down-their-home\"> Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The majority of buyers who obtained a mortgage last year made a down payment of less &hellip; <a title=\"How Much Buyers Put Down on Their Home\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/how-much-buyers-put-down-on-their-home\/\"><span class=\"screen-reader-text\">How Much Buyers Put Down on Their Home<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7740,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1403,15239,625,447,12908,543,408,41,818,479],"class_list":["post-7739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-chase","tag-down-payment","tag-financing","tag-home","tag-home-buying-guide","tag-mortgage","tag-property","tag-real","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/NARInfographic-FinancingtheHome%20Purchase.jpg?fit=1151%2C1854&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7028,"url":"https:\/\/amazingproperty.com.ng\/blog\/newbie-buyers-make-smaller-down-payments\/","url_meta":{"origin":7739,"position":0},"title":"Newbie Buyers Make Smaller Down Payments","author":"Amazing Property","date":"November 9, 2017","format":false,"excerpt":"About 60 percent of first-time home buyers put down 6 percent or less on a home purchase in September. The median down payment has dropped from 6 percent to 5 percent for first-time buyers, according to the National Association of REALTORS\u00ae\u2019 2017 Profile of Home Buyers and Sellers. But there\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Nar Downpayment Myths.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/NAR_downpayment%20myths.png?fit=735%2C1096&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/NAR_downpayment%20myths.png?fit=735%2C1096&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/NAR_downpayment%20myths.png?fit=735%2C1096&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/NAR_downpayment%20myths.png?fit=735%2C1096&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":3869,"url":"https:\/\/amazingproperty.com.ng\/blog\/urgency-increases-for-first-time-buyers\/","url_meta":{"origin":7739,"position":1},"title":"Urgency Increases for First-Time Buyers","author":"Amazing Property","date":"April 26, 2017","format":false,"excerpt":"New buyers are gradually increasing their stake in the housing market. First-timers comprised 32 percent of existing-home sales in March, up from 30 percent a year ago and 29 percent in 2014. The looming threat of interest rate increases may be prompting more buyers to enter the market this year.\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6838,"url":"https:\/\/amazingproperty.com.ng\/blog\/why-first-timers-cant-capitalize-on-ripe-market\/","url_meta":{"origin":7739,"position":2},"title":"Why First-Timers Can\u2019t Capitalize on Ripe Market","author":"Amazing Property","date":"October 30, 2017","format":false,"excerpt":"With steady job growth, mortgage rates near record lows, and escalating rental costs nationwide, the market is favorable for first-time home buyers\u2014yet their share of overall purchase activity this year is approaching a 36-year low, according to the National Association of REALTORS\u00ae\u2019 2017 Profile of Home Buyers and Sellers. First-time\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"2017 Hbs Infographic Buyers.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/2017%20HBS%20Infographic%20-%20Buyers.jpg?fit=744%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/2017%20HBS%20Infographic%20-%20Buyers.jpg?fit=744%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/2017%20HBS%20Infographic%20-%20Buyers.jpg?fit=744%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/2017%20HBS%20Infographic%20-%20Buyers.jpg?fit=744%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":3956,"url":"https:\/\/amazingproperty.com.ng\/blog\/if-buyers-want-to-save-money-tell-them-to-shop\/","url_meta":{"origin":7739,"position":3},"title":"If Buyers Want to Save Money: Tell Them to Shop","author":"Amazing Property","date":"April 28, 2017","format":false,"excerpt":"Home buyers who don\u2019t gather more than one quote when shopping for a mortgage may be losing out on some savings to their monthly payments. Read more: Consumers Turn to Non-Banks for Mortgages Lenders can offer a wide dispersion of rates, up to 50 basis points or 0.5 percent, after\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7547,"url":"https:\/\/amazingproperty.com.ng\/blog\/existing-home-sales-gains-strongest-in-decade\/","url_meta":{"origin":7739,"position":4},"title":"Existing-Home Sales Gains Strongest in Decade","author":"Amazing Property","date":"December 20, 2017","format":false,"excerpt":"For the third consecutive month, existing-home sales were on the rise, with all major regions of the country except the West posting a \u201csignificant hike in sales activity\u201d last month, the National Association of REALTORS\u00ae reported Wednesday. Total existing-home sales\u2014which includes completed transactions for single-family homes, townhomes, condos, and co-ops\u2014increased\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Dec16 Dn Ehsinfographic.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/dec16_DN_EHSInfographic.jpg?fit=350%2C373&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7974,"url":"https:\/\/amazingproperty.com.ng\/blog\/housing-market-starts-2018-on-positive-note\/","url_meta":{"origin":7739,"position":5},"title":"Housing Market Starts 2018 on Positive Note","author":"Amazing Property","date":"January 31, 2018","format":false,"excerpt":"Contract signings on home sales rose slightly in December, reaching their highest level since last March, the National Association of REALTORS\u00ae reported Wednesday. NAR\u2019s Pending Home Sales Index, a forward-looking indicator based on contract signings, moved 0.5 percent higher to a reading of 110.1 last month, 0.5 percent higher than\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Jan18 Dn Phsinfographic.jpeg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/jan18_DN_PHSInfographic.jpeg?fit=640%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/jan18_DN_PHSInfographic.jpeg?fit=640%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/jan18_DN_PHSInfographic.jpeg?fit=640%2C683&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=7739"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/7740"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}