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.
Need a credit score boost? Here are some tips to do it.
If you’re considering a move, please give me a call. I can connect you with a reputable lender who can help you reach your home ownership goals. 703-963-0142