Home buying myths slayed

Buying a home may be more affordable then you think!  Many potential first-time home buyers believe that they have to have a perfect credit score and a 15-20% down payment.  Did you know,

• The average down payment for first-time homebuyers is only 6%!
• Despite mortgage interest rates being over 4%, rates are still below historic numbers.  These low interest rates increase long-term affordability for homeowners .
  
• 88% of property managers raised their rents in the last 12 months!  Buying a home is cheaper then renting in the majority of the US.
  
• The credit score requirements for mortgage approval continue to fall.  See below.
  

If you would like to evaluate your ability to buy this year, let’s get together to find your dream home!