RealtyTrac analyzed its address-level purchase loan data for U.S. homes purchased in 2014 by county, focusing on the share with a loan-to-value ratio of 97 percent or higher — indicating the buyer put 3 percent or less down when purchasing the home. Nationwide, the average share of these low down payment loans used in purchases was 19 percent in 2014, an 11-year low. This indicates that first-time home buyers are shrinking part of the recent housing recovery.
But some counties were more accessible to first-time home buyers in 2014, with low down payment loans accounting for at least one in every four home purchases during the year in 153 of the 856 counties analyzed in the study.
Click on any county below to see the share of low down payment loans in 2014 along with the average down payment percentage for all home purchases during the year. Read the full county-level down payment report for home purchases in 2014.