HOME BUYING MYTHSED! MYTH 2:
MYTH 1:
T S BU
YOU NEED AT LEAST A 15% DOWN PAYMENT FOR LOAN APPROVAL
YOU NEED A CREDIT SCORE OF AT LEAST 800 FOR LOAN APPROVAL
BUSTED:
AVERAGE FICO SCORES OF APPROVED LOANS
BUSTED:
DOWN PAYMENT %
BY BUYER TYPE
of property managers raised their rent in the last 12 months
6%
10%
14%
First Time Buyers
All Buyers
Repeat Buyers
of property managers were more likely to bring in a new tenant at a higher rate rather than renegotiate and renew with a current tenant.
88% 53%
12.7% 1980s
INTEREST RATE TRENDS INTEREST RATES REMAIN HISTORICALLY LOW, LOCK IN YOUR HOUSING COST NOW!
8.86% 1970s
8.12% 1990s
6.29% 2000s
3.42% 2010s
ANSLEYATLANTA.COM | 55 PEACHTREE PARK DRIVE NE, ATLANTA GA 30309 Chris Burrell, Managing Broker. Information is believed to be accurate but is not warranted. Equal Housing Opportunity. SOURCE: Keeping Current Matters, NAR, Ellie Mae, Rent.com, Freddie Mac