Buying a home can be SCARY... know the FACTS

Real Estate

 

20191025-NM

 

Some Highlights:

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.