Which U.S. cities have the lowest down payment for a home?
CBSN
Coming up with the down payment for a home can be a challenge for first-time homebuyers, but it's considerably easier for people who live in cities in the South or Midwest, according to a recent LendingTree study.
The average down payment in the nation's 50 largest metropolitan areas grew to $62,611 in September — that's up a whopping 35% from last year, the personal finance website found. Yet the bar is lower in a number of cities. In Oklahoma City, Oklahoma, for example, the typical down payment is $38,169, LendingTree said. In St. Louis, Missouri, it's around $40,113. And in Virginia Beach, Virginia, it's about $40,530.
Other cities around the country with lower-than-average down payment costs include:
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