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Buying A Home Can Be SCARY… Until You Know The FACTS! [INFOGRAPHIC]

Buying A Home Can Be Scary... Until You Know the FACTS! [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • 36% of Americans think they need a 20% down payment to buy a home. 44% of Millennials who purchased a home this year have put down less than 10%.
  • 71% of loan applications were approved last month
  • The average credit score of approved loans was 723 in September (the lowest recorded score since Ellie Mae began tracking in August 2011).

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1 reply
  1. Nash Rich
    Nash Rich says:

    I’m not in the place to buy a home yet, but my siblings have been getting to that time in their life. I think it’s good to know this stuff, because I’m sure I will be there before I know it. I thought it was interesting that buying a home is 35% less expensive than renting. That was a surprise!

    Reply

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