Home Loans Don’t Have To Be Scary!

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. This means many buyers had lower scores!

Plus, if you can qualify for a DPA program, you might be able to buy using very little OR NONE of your own money!

Information via KeepingCurrentMatters.com

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