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TopicI make $5.50 an hour and want a small loan of $70k
RCtheWSBC
07/06/17 9:00:48 PM
#16:


shadowsword87 posted...
What the hell do you consider an average sized loan if 70k is small?

The trade group suggests that Americans who applied for a purchase mortgage to buy a home in January 2017 were looking for a loan sized at an average of $309,200.
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To see how much the average first-time homebuyer owes, we simply have to look at data from the Federal Housing Authority, which suggests that the average FHA mortgage was sized at $190,000 in the United States in 2016.

Source: https://www.fool.com/mortgages/2017/02/25/heres-the-size-of-the-average-americans-mortgage.aspx
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