Down payments aren't holding back buyers, says LendingTree

  • A new report released by online lender LendingTree shows that average down payments are rising as the market becomes more competitive.
  • During the third quarter, the average down payment for all purchase mortgages, including FHA, VA, non-prime and jumbo mortgages, was $49,127, or 15.41 percent.

Although many housing market watchdogs continue to show concern about the ability of potential homebuyers to save up enough money for a down payment, a new report released by online lender LendingTree shows that average down payments are rising as the market becomes more competitive.