Here’s an interesting look at how much money Fresno County homebuyers are putting down on the purchase of a home.
The average down payment for all loans made in Fresno County — conventional and Federal Housing Administration — was 12.8% during the first quarter of this year, according to a report from RealtyTrac, an online property data company. Last year at the same time, buyers put down 13.1%.
In dollars, that’s an average down payment of $33,641 early this year compared to $36,765 last year.
Buyers using a FHA loan put down an average of 2.9% while those with conventional loans made an average downpayment of 17.7%.
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Nationwide, buyers put down 14.8% of the purchase price, the report said, down from 15.5% a year ago dropping to a three-year low.
Average down payments on single-family homes