Average Millennial Home Buyer Puts Down Payment of 7.1%, FICO Score of 714 – Realtor.com

September 16, 2016 Residential Real Estate 0

Realtor.com revealed that the some characteristics of the average millennial home buyer:

  • FICO Score: 714
  • Down Payment: 7.1%
  • Mortgage Rate: 4.03%
  • Debt-to-Income Ratio: 36%

Also, 70% of millennials (25-34 years old) are more likely than the average adult to be home hunting.