Here is a look at how recent buyers purchased their home:
Median purchase price – $235,000
Obtained a mortgage – 88%
Down payment amount – 10 percent
Down payment sources – savings (59 percent); sales proceeds from previous home (38 percent)
Received down payment help from family/friends – 16 percent
Obtaining a mortgage was not difficult/easier than expected – 66 percent
For more Information read the 2017 Profile of Home Buyers and Sellers.