Buying a Home Can Be Scary… Unless You Know the Facts [INFOGRAPHIC]

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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: 40% of millennials who purchased homes this year have put down less than 10%. 76.4% of loan applications were … Continue reading Buying a Home Can Be Scary… Unless You Know the Facts [INFOGRAPHIC]

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Buying a Home Can Be Scary... Unless You Know the Facts [INFOGRAPHIC] | Simplifying The Market

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:

  • 40% of millennials who purchased homes this year have put down less than 10%.
  • 76.4% of loan applications were approved last month.
  • The average credit score of approved loans was 724 in September.

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Herbert Riggs

Office : 703-966-2647
Mobile : 703-966-2647
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I have lived and worked in the Northern Virginia area for over 20 years. I am committed to honesty, integrity and excellence in every relationship I build in my real estate endeavors.