A look at downpayments in Ventura, April 2008

I pulled a set of records for April 2008 for Ventura county. It totaled 517 sales. Dataquick has 771 sales counted for Ventura so I have a subset of the data but large enough to be interesting.

Here is the loan to value ratio shown by quartiles:

1st Quartile - 68%
Median - 80.0%
3rd Quartile - 90.0%

I also broke it down by percentile:

Percentile - LTV
10% - 30.6%
20% - 59.2%
30% - 71.8%
40% - 78%
50% - 80%
60% - 81%
70% - 90%
80% - 92%
90% - 98%

I'm still thinking of a good way to present the data so everyone can get a feel of what is required to buy a home these days. The high LTV loans were mostly cheap FHA or mid price VA loans (VA allows 100% financing) but there was a smattering conventional financing thrown in there.

Update: Here is a scatter graph (click to enlarge) I made of the data, the Y-Axis is the sale price the X-Axis is Loan to value. You get a feel for the higher LTV loans being at lower prices. There are some data points missing, the all cash and ultra low LTV, they represent about 8% of the data that is below 20% LTV, and there is a very few over $1 million properties missing.