…Until you know the FACTS
Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home.
This can stop 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.