The median down payment in the first quarter of 2024 was an average of 13.6% and median of $26,000 from a report released by Realtor.
The Median Down Payment for a House in the US by State
Home prices vary across all of the U.S. States, this makes the down payment to purchase a home, also vary substantially across the United States. This map shows the median down payment in each state as well as a percentage of the median home sale price as of April 2024.
How much down payment for a house in the United States?
The amount of down payment required for a home in the United States varies based on the type of the mortgage that you will use to finance the purchase. If you purchase your home with a VA or USDA loan you could purchase a home with 0% down payment. The lowest down payment on a conventional loan type would be 3%. It is important to take into consideration the cost of mortgage insurance which will be required on conventional loans with a down payment less than 20%.
US minimum down payments by loan type
| Loan type | Minimum down payment required |
|---|---|
| Conventional | 3% |
| FHA | 3.5% (with a credit score of at least 580); 10% with a credit score of 500-579 |
| VA | 0% |
| USDA | 0% |
| Jumbo | 5-10% |
| Second homes or investment properties | Varies |