Bottom Line Your friends and family have your best interests at heart. However, when it comes to buying your first home or selling your current house to buy the home of your dreams, getting the whole story from a real estate professional is crucial.
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.