NYU Stern professor Arpit Gupta tweeted today:
A common intuition is that borrowers put 20% down on a home.
The median down payment is actually closer to 5%, and has been for 12 years.
He included a chart from the Urban Institute showing the median LTV for new mortgage loan originations is 95% – and has been at that level for the last 12 years.
Here is the chart that also includes FICO and Debt-to-income (DTI). The median DTI is at 37.5%.