Amount of down payment people believe is reasonable for a mortgage U.S. 2017, by area

Published by Statista Research Department, Dec 19, 2022
This statistic shows the amount of down payment people believe is reasonable for a mortgage in the United States in 2017, by location. During the survey, 32 percent of respondents living in New York City said that they believed a 15 percent or higher down payment was reasonable for a mortgage.

Amount of down payment people believe is reasonable for a mortgage in the United States in 2017, by location

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Source

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Release date

July 2017

Region

United States

Survey time period

May 8 to 17, 2017

Number of respondents

1,501 respondents

Age group

18 years and older

Method of interview

Telephone interview

Supplementary notes

This question was phrased by the source as follows: "and what percentage of the total purchase price do YOU think is reasonable for a bank or lending company to require for a down payment on a home mortgage?"

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