November 5 2018
2 Myths Holding Back Home Buyers
Myth #1: “I Need a 20% Down Payment”
Many future buyers believe that they need at least 20% down payment to buy a home, they do not realize that there are programs available which allow them to put down as little as 0 to 3% down!
Myth #2: “I Need a 780 FICO Score or Higher to Buy”
Many Americans believe a ‘good’ credit score is 780 or higher.
To help debunk this myth, look at Ellie Mae’s latest Origination Insight Report, which focuses on recently closed (approved) loans. The infographic shows 51.7% of approved mortgages had a credit score of 600-749.
When your thinking about buying, it is important to know your options. Your dream home may already be within your reach. Give me a call today!