Buying a Home Can Be Scary… Until You Know the Facts

20181026-STM-ENG-1046x667.jpg

Some Highlights:

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:

  • 72% of buyers who purchased homes this year have put down less than 20%.

  • 76.4% of loan applications were approved last month.

  • The average credit score of approved loans was 727 in September.