2 Myths Holding Back Home Buyers

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Myth #1: "I Need a 20% Down Payment" Buyers often overestimate the funds needed to qualify for a home loan. According to the same report. Myth #2: "I Need a 780 FICO Score or Higher to Buy" Many either don’t know or are misinformed concerning the FICO score necessary to qualify, believing a ‘good’ credit score is 780 or higher.

 · 2 Myths Holding Back Home Buyers. Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that, “For many prospective homebuyers, saving for a down payment is the.

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2 Myths Holding Back Home Buyers Freddie Mac recently released a report entitled, "Perceptions of Down Payment Consumer Research." Their research revealed that, "For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership.

2 Myths Holding Back Home Buyers Jun 10, 2019 | 0 comments. 2 Myths Holding Back Home Buyers. About the Author. Tim Royster – The Royster Hearth Group Submit a Comment Cancel reply. Your email address will not be published. Required fields are marked *.

Myth: Buyers with bad credit can’t qualify for home loans. Obviously. So don’t expect that if you hold out, zero-down mortgages will come back into vogue anytime soon. Fortunately, Fannie and.

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 · All Real Estate Blog Posts, First time home buyers, For Buyers, For Homeowners, For Sellers, General, Move-Up Buyers 2 Myths Holding Back Home Buyers. June 10, 2019 June 10, 2019 stackshelpsupport. Freddie Mac recently released a report entitled,

Tuesday Tidbit - 2 Myths Holding Back Buyers Myth #1: "I Need a 20% Down Payment" Buyers often overestimate the funds needed to qualify for a home loan. According to the same report: 22% of renters and 31% of homeowners believe lenders require 20% or more of a home’s sale price as a down payment for a typical mortgage today. And,

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But buying a home for the first time can be a confusing process. This is especially true if you believe certain myths about searching for and making. (See also: 5 Things Your Real Estate Agent.

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