Buying Your First Home Can Be Scary – Until you know the facts!

By bunny-terry October 27, 2017

Are you in the market for your first Santa Fe home but think you have to have perfect credit and 20% down? Worried about qualifying? Think it’s cheaper to rent?

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.

Give me a call at 505-504-1101 and let’s talk about the facts surrounding home ownership.

And Happy Halloween!