Buying a home can be scary - Myths dispelled!
Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home. These myths often stop many homebuyers from even trying to buy a new home…or buy their first home.
Here are a few facts:
- The average credit score of approved loans was 727 last month.
- 72% of buyers who purchased homes this year have put down less than 20%.
- 76.4% of loan applications were approved last month.
*Infographic provided by KCM
Don’t let common myths stop you dead in your tracks! Buying now while the rates are still very low. Heard any other myths you would like dispelled? Let’s talk! Call or text me at (704) 491-3310.
© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Buying a home can be scary - Myths dispelled!