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

Posted by Mark and Denise Zervos on Thursday, October 31st, 2019 at 11:48am.

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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