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

Article by: Simplifying the Market™
Originally Published: October 25, 2019, 10:00 am

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.

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