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.
- There are loans available for people with credit scores of 640.
- Some lenders provide FHA insured mortgages with credit scores under 640. Some FHA approved lenders will go below 600.
Call us to learn about your options!
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