If you’re thinking about buying a home, understanding down payments can make a huge difference. In 2025, the median down payment across the U.S. was 19%—with first-time buyers typically putting down 10%, and repeat buyers averaging 23%. These numbers reflect a range of financial strategies, shaped by loan options and personal circumstances. Some buyers aim for 20% to avoid private mortgage insurance (PMI), while others tap into assistance programs or plan carefully to make homeownership possible. In my work with bank-owned and distressed properties around Seattle, I’ve seen how the right approach to a down payment can open doors that once seemed closed. Whatever your path, informed budgeting and knowing your options are key steps toward unlocking your next home.
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