Buying a Home Can Be Scary… Unless You Know the Facts [INFOGRAPHIC]
![20171027-Share-STM](https://b3448231.smushcdn.com/3448231/wp-content/uploads/2017/10/20171027-Share-STM.jpg?lossy=2&strip=1&webp=1)
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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