How We Paid For Our Homes (2016 Infographic)

Keys to Homeownership – Part 4

How We Paid For Our Homes (2016 Infographic)
October 11, 2016

Would you believe that 1 out of 7 American homes were bought last year without a mortgage? Discover how much of a house typically is financed, and what sacrifices homebuyers had to make in our infographic above.

Our previous infographics explained how U.S. homebuyers found and chose their homes, how they saved for their down payments and what their biggest obstacles were. Our next infographic in the Keys to Homeownership series will profile the average homebuyers in America and reveal their reasons for making home transactions.

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Daniel | 10.11.16 @ 15:58
I found it most interesting so many homes were bought without a mortgage. I would say enlightening info here
Steffanie | 10.11.16 @ 15:59
Very interesting to see how everyone has paid for their mortgages. We tried to stick with the most convential way we could.
Erin | 10.11.16 @ 16:00
Wow, I'm impressed that there are people who are able to buy homes without using a loan. I know we had to really watch our spending and cut back on a lot when we were saving up for our down payment. It gave me a great sense of satisfaction to be able to save as much as we did in the amount of time we did, but I can only imagine how great it would feel to not have a loan at all.
Amanda | 10.11.16 @ 16:03
It's great that people can buy a home with a loan or mortgage. I would be more interested in knowing their tricks. When I bought mine like many others we saved and saved for down payment and then had a monthly bill.
trish | 10.11.16 @ 16:06
Amazed at the percentage of people who bought their homes without a loan. But the rest make sense. You do the best you can with what you have.
Zanna | 10.11.16 @ 16:29
Looks like we're fairly typical. Financed most of the loan with a mortgage, tried to cut down our spending in as many areas as we could, and do feel like it was a very good investment. I am amazed at how many people bought homes without a loan though, that would be great to do!
Chrisitna | 10.11.16 @ 17:32
The loan application process has gotten even more detailed over the past two years, requiring all sorts of documentation - some of which really isn't relative. Hoping to see things level out so that we can start looking to purchase a home in the next year or two,.
$commenter.renderDisplayableName() | 12.01.20 @ 14:30