The Belt Team had a very successful first-time homebuyer seminar recently. And what we have found over time is that there are a lot of “mythunderstandings” out there about what it takes to buy a home – whether it’s your first home or your fourth. Here’s a great article from Keeping Current Matters that “slays” those myths!
- Interest Rates are still below historic numbers.
- 88% of property managers raised their rent in the last 12 months!
- Credit score requirements to be approved for a mortgage continue to fall. The 723 average score is the lowest since Ellie Mae began reporting on scores in August 2011.
- The average first-time home buyer down payment was 6% in 2015 according to NAR.
Schedule a FREE Buyer Consultation with Our Lead Buyer Specialist or call (703) 242-3975 for more info.