You Have a Budget, and While Down Payments All Over Are Increasing, Some States Are Still Lower Than Others
It, therefore, would be a good idea to take a good look at which states are averaging higher (or lower). We know that there are undoubtedly good reasons for offering that higher down payment for a home purchase. But if the budget's not there, what do you do? Expand your possibilities to the states that do match your bottom line, right here:
These States Reported the Lowest Down Payment Averages in the U.S.
- Indiana -- The Crossroads of America has the highest of the low averages.... Want to know how low?
- Utah -- Utah isn't high up there either. Check it out right here.
- Kentucky -- Now we're getting a bit higher on that average, but would you like to know just what you're dealing with in the Derby state?
- Iowa -- We're sitting level with this state's down payment average, so if Kentucky's not your state, you can check this one out here.
- West Virginia -- Little by little, that down payment average-to-house-price ratio's getting more interested. Just take a look at this state!
- Alabama -- Forrest Gump would've loved this ratio and average on home prices and down payments. Check out these numbers....
- Mississippi -- And here we have the lowest of the lows.... But just remember: that may be a good thing!
What About the States With the Highest Down Payment Average?
- Vermont -- We'll jump almost 5% from Mississippi's average down payment with Vermont. Want to know just how much you'll spend on a down payment for a house here?
- Massachusetts -- The average home prices play a role here with the average down payment here. Just keep that in mind!
- Washington D.C. -- We're getting pricier and pricier with this down payment percentage.
- Hawaii -- You'll hula over this percentage on down payments for home purchases.
- New Jersey -- And we're still climbing up the ladder with down payment percentages here. This could be what you'll spend for a payment....
- California -- Did you know that the state here has been leading on home prices (and most likely will continue to lead)? That should tell you a lot about what kind of down payment you might be making for a house over there.
- New York -- Still, none of these states can beat this top leader. Here's the skinny on the down payment average for a home in the Big Apple.
The Question Is This: Where Do You Want to Live?
Don't you just love all this information? Hopefully this will help you in the decision you need to make. You need a home, right? Sign up today and get started with finding the right home in the right state for you.
