Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC]

Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process:

  • 71% of buyers who purchased homes have put down less than 20%.
  • 78.1% of loan applications were approved last month.
  • In September, the average credit score for approved loans was 737.

Are you thinking of selling or buying real estate this year?  Contact us now to schedule a free consultation. We’ll work with you to develop an action plan to meet your real estate goals this year.

Posted on October 31, 2019 at 10:41 am
Jennifer Angel | Category: Buyer Tips, Buying Myths, Downpayment, First-time Homebuyers, Infographics, Mortgage, Rent vs. Buy, Seller Tips

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