“Far more Black homebuyers had a small down payment than the general population of buyers in the Chicago area last year, a difference that speaks loudly about the intractable racial gap in household wealth.

The Woodstock Institute’s latest Community Lending Fact Book compiled data from 2022 mortgage disclosures for the seven-county metropolitan area. One of the many data points in the report is the proportion of homebuyers who put down 10% or less at purchase time.”