GITNUX MARKETDATA REPORT 2024
Statistics About The Average Down Payment On A House In Texas
The average down payment on a house in Texas is around 20% of the home's purchase price.
In this post, we explore the average down payment landscape for housing in Texas, delving into key statistics that shed light on the financial commitments of homebuyers in the state. From the typical down payment percentages to variations across different cities and loan types, these insights provide a comprehensive understanding of the real estate market in Texas.
Statistic 1
"The average down payment on a house in Texas is 13.10%."
Statistic 2
"In Texas, most borrowers put down between 5% and 20% on a house."
Statistic 3
"The average down payment for first-time homebuyers in Texas is 6%."
Statistic 4
"Conventional loans in Texas required an average down payment of 19.4% in 2020."
Statistic 5
"FHA loans in Texas required an average down payment of 3.5% in 2020."
Statistic 6
"In Texas, the average down payment assistance can vary between $1,000 - $10,000."
Statistic 7
"In Dallas, Texas, the average down payment is around 14.7%."
Statistic 8
"Approximately 61% of millennials in Texas made a down payment of 6% or less."
Statistic 9
"For a $250,000 house in Texas, the average down payment would be around $32,750."
Statistic 10
"The average down payment in Houston, Texas, is about 12.09%."
Statistic 11
"In San Antonio, Texas, the average down payment is around 11.5%."
Statistic 12
"Approximately 30% of homes in Texas has a mortgage."
Statistic 13
"Texas ranks within the top 20 US states for making a down payment on a house"
Statistic 14
"The average loan-to-value ratio for Texas homes is approximately 86.7%."
Statistic 15
"The Real Estate Center at Texas A&M University reports that the down payment percentage hasn't changed significantly in Texas over the past few years."
Statistic 16
"Texas is among the top states where it's most affordable to buy a house with a smaller down payment."
Statistic 17
"The average down payment for Millennials in Texas is about 8.8%."
Statistic 18
"The average loan-to-value ratio for FHA loans in Texas is 96.5%, leaving a 3.5% average down payment."
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Jannik Lindner
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