Federal regulators are proposing to mandate down payments as high as 20% on future home loans, but even a 10% down payment requirement would stifle economic recovery and lock out responsible home buyers.
How Many Years Would it Take These Workers to Save for a 10% Down Payment?
- Years to save for 10% down payment by 10 common occupations (PDF)
- Years to save for 10% down payment by race and ethnicity (PDF)
The housing market of the future can drive economic growth without shutting out responsible home buyers.