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2 Myths Holding Back Home 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,

2 Myths Holding Back Home Buyers By Tim. Whether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier. Your dream home may already be within your reach. Give us a call at (571) 275-0871 to go over your options today!.

2 Myths Holding Back Home buyers. 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.

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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.

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Down payments and FICO scores should not be holding you back from owning a home. You may be closer to owning your dream home than you think. Down payments and FICO scores should not be holding you back from owning a home.. 2 Myths Holding Back Home Buyers. Posted by GoGSF | July 19, 2017.

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2 Myths Holding Back Home Buyers.. Whether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier. Your dream home may already be within your reach. Post a Comment.

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. Part of the challenge for those planning to purchase a home is their perception of how much they will need to save [.]

2 Myths Holding Back Home Buyers 2 myths holding back home buyers – Urban Institute recently released a report entitled, "Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability," which revealed that, "Consumers often think they need to put more money down to purchase a home than is actually required.

2 Myths Holding Back Home Buyers. Posted by Alex Carrasco. November 9 2018. 0 comments. urban institute recently released a report entitled, "Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability," which revealed that,

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