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

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6114
Buying A Home Can Be SCARY… Until You Know The FACTS! [INFOGRAPHIC]

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

[INFOGRAPHIC]

Posted: 23 Oct 2015 04:00 AM PDT

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).

By Bill Forst|2019-09-16T14:59:06-07:00October 23rd, 2015|

About the Author: Bill Forst

Born in Pennsylvania, I have lived in Ohio, California (where I earned the honor of Eagle Scout at age 17) and for the past 35 years, right here in Arizona. I have been a licensed Real Estate Broker for over 30 years, in both California and Arizona. I spent the majority of my career in the aerospace industry, starting as a machinist and working my way to the top levels of management. In addition, I recently expanded my favorite hobby and became certified as a Level III Golf Instructor. I am married with two sons and have seven wonderful grandchildren. I love my family, most sports including golf and boating, and I love my work and take great pride in applying strong personal ethics in all areas of my life.