Many potential home buyers believe they need 20% down payment and a 780 FICO score to qualify to buy a home. This stops many people from even trying to jump into home ownership! 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.