Buying A Home Can Be SCARY Until You Know The FACTS

Dated: 10/25/2019

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Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC] | MyKCM

Some Highlights:

Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process:

  • 71% of buyers who purchased homes have put down less than 20%.

  • 78.1% of loan applications were approved last month.

  • In September, the average credit score for approved loans was 737.

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