Buying a Home Can Be Scary... Unless You Know the Facts [INFOGRAPHIC] | MyKCM

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.