Survey Says Many Couples Split Down Payments

Printer-friendly version
August 03, 2016

In this day and age, couples aren’t afraid to split up… their down payments for a new house.

NerdWallet conducted an online survey of more than 2,000 U.S. adults. The site found that 41 percent of Americans that bought homes with a partner said that each person contributed equal amounts of money toward a down payment.

The survey identified a bunch of other trends as well. Among individuals who set money aside, homeowners saved an average of $1,078 monthly for their down payments, and it took homeowners three years to save for a down payment.

Nearly three-quarters of respondents said they have fears about buying a house. One of the biggest dreads was long-term commitment to a partner, particularly among Millennial males.

NerdWallet also offers tips for obtaining an affordable mortgage, including ways to clean up credit scores, and how to find the right lender and house.

Read more

Comments on: "Survey Says Many Couples Split Down Payments"

July 2017

This Month in Professional Builder


Ashton Woods launched Starlight Homes to target entry-level home...

Overlay Init