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

Wednesday, October 30, 2019   /   by Karin Head

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:



  • 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.