Make Sure You Know the Facts so Home Buying Isn’t Scary

Takeaways:

• It is believed by 36% of Americans that they need think they need a 20% down payment to buy a home.
• Less than 10% has been put down 44% of Millennials who purchased a home this year.  
• 8% of loan applications were approved last month.

In September, the average credit score was 731.

For 2017 Home Sales are Expected to Increase Well

We are certainly excited, and know you are as well, to see Freddie Mac, Fannie Mae, The Mortgage Bankers’ Association and The National Association of Realtors continue all showing an increase in home sales come 2017. Here is a chart that illustrates this increase.