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Real Estate Questions and Answers

Real Estate Questions and Answers

Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC]

October 25, 2019 by Rick Landuyt

Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC] | Simplifying The Market

Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops 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.

Filed Under: Buying Myths, First Time Home Buyers, For Buyers, Infographics

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