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

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:

  1. 71% of buyers who purchased homes have put down less than 20%.

  2. 78.1% of loan applications were approved last month.

  3. In September, the average credit score for approved loans was 737.

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