Charlotte, NC – December 29, 2011 – (RealEstateRama) — With mortgage rates continuing to be near record lows, LendingTree.com, the nation’s leading online lender exchange and personal finance resource, today released data highlighting the average loan amount on residential real estate purchases for all 50 states and Washington D.C. for the year. Hawaii, by far, leads the nation with an average home loan amount of $677,299, followed by Washington D.C. at $393,453, New Jersey at $344,240 and New York at $340,124. The states with the lowest average home loan amounts are Mississippi at $137,182 and Nebraska at $137,515. The national average for a home loan is $222,261.
More info...
