Results: Home loans and down payments
Published on 09/30/2014
QUESTIONS
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Comments
1.
1.
Have you ever purchased a home? Yes
54%
1239 votes
No
46%
1070 votes
2.
2.
If so, what type of home loan did you use? (Initially, not for a refinance) Fixed-rate loan
31%
721 votes
Adjustable-rate (or variable-rate) loan
6%
150 votes
FHA (Federal Housing Administration) loan
5%
110 votes
VA (Veterans Administration) loan
3%
65 votes
Balloon mortgage
1%
23 votes
Interest-only mortgage
3%
59 votes
I have purchased a home but did not have to take out a loan to do so
6%
134 votes
N/A
45%
1047 votes
3.
3.
How much of a down payment (in percent) did you put down when purchasing your home? None
8%
194 votes
1-10%
20%
454 votes
11-20%
13%
307 votes
21-30%
6%
140 votes
31% or more
3%
68 votes
Paid for the entire home and did not have to take out a loan
4%
102 votes
N/A
45%
1044 votes
4.
4.
Is your home paid off now, or are you still making mortgage payments on it? My home has been paid for in full
22%
506 votes
I am still making mortgage payments for my home
27%
631 votes
N/A
51%
1172 votes
COMMENTS