27 Oct Buying a Home Can Be Scary… Unless You Know the Facts [INFOGRAPHIC]
Posted at 05:00h in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Millennials
Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home, which stops many of them from even trying! Here are some facts:
40% of millennials who purchased homes this year have put down less than 10%.
76.4% of loan applications were approved last month.
The average credit score of approved loans was 724 in September.