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; and in September, the average credit score for approved loans was 737.
Full Article here: Buying a home can be SCARY…Until you know the FACTS
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