LendingTree recently released its down payment report November 18, which found the average down payment amount rose quarter-over-quarter to $48,924. The online loan marketplace found average down payment percentages for conventional 30-year fixed-rate mortgages rose to an average 17.63 percent in quarter three from 17.34 percent in the previous quarter and 16.29 percent from the third quarter of 2014.

“During the third quarter, the housing market thrived in certain markets as consumer demand outweighed supply,” said Doug Lebda, founder and CEO of LendingTree, in a statement. “For potential buyers who are eyeing the market today, rates are beginning to trend upwards as we inch closer to the new year and a potential Fed rate hike.”

LendingTree Report: Down Payment Affordability Q3 2015 (PRNewsFoto/LendingTree)

LendingTree Report: Down Payment Affordability Q3 2015 (PRNewsFoto/LendingTree)

Ranked no. 41 for down payment affordability, Florida inched up one spot in the ranking from Q2 to Q3 for conforming prime loans and decreased three spots to no. 43 for total purchase.

  • The down payment percentage for conforming loans in Q3 was 17.92 percent, which is a 0.34 percent uptick.
  • The offered average interest rate is 4.15 percent, with a down payment of $43,222.99 and loan amount of $211,627.03.
  • Total purchase down payment quarterly rate in Florida dropped 0.40 percent to 15.67 percent, dipping the state’s ranking down three spot in affordability.
Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription