Average down payment for DC-area homebuyers is now 10%

In April, the median down payment for D.C. homebuyers was 10%, below the national average of 15%, averaging nearly $62,000. Lower down payments in D.C. are linked to the popularity of VA loans (16.5% of mortgages) and FHA loans (13.3%), both requiring smaller down payments. All-cash purchases made up 21.6% in D.C., compared to 30.7% nationally. Down payments vary widely across metro areas, with Virginia Beach at just 2%.