Buying a Home Can Be Scary… Until You Know the Facts

    Some Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts: 72% of buyers who purchased homes this year have put down less than 20%. 76.4% of loan applications were approved last month. The average credit score of approved loans was 727 in September.

    Some Highlights:

    Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts:

    • 72% of buyers who purchased homes this year have put down less than 20%.
    • 76.4% of loan applications were approved last month.
    • The average credit score of approved loans was 727 in September.

    Keeping Current Matters with Rinehart Realty

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