3 Crucial Questions Most Home Buyers Dont Know The Answer ToDO YOU

3 Crucial Questions Most Home Buyers Dont Know The Answer ToDO YOU

3 Crucial Questions Most Home Buyers Don’t Know the Answer To…DO YOU?

by  on July 14, 2016 in First Time Homebuyers, For Buyers, Move-Up Buyers

Agents, 

3 Crucial Questions Most Home Buyers Don’t Know the Answer To. DO YOU? | Keeping Current Matters

Whether you are considering the purchase of your first home or trading up to the home your family frequently fantasizes about, there are three crucial questions you must know the answer to:

  1. What is the minimum down payment required to purchase a home?

  2. What is the minimum FICO score required to qualify for a mortgage?

  3. What is the maximum Back-End DTI Ratio allowed?

A survey conducted by Fannie Mae revealed startling information: most Americans don’t know the answer to these three crucially important questions. Here is a graphic showing the results of the survey:

3 Crucial Questions Most Home Buyers Don’t Know the Answer To. DO YOU? | Keeping Current Matters

The percentages are quite disturbing but can explain why so many people believe they are not eligible to purchase a home whether it is a first home or a trade-up home. Here are the actually requirements as per Fannie Mae:

3 Crucial Questions Most Home Buyers Don’t Know the Answer To. DO YOU? | Keeping Current Matters

Bottom Line

If you are considering purchasing a home, make sure you are aware of all your options before moving forward.


Salvatore Defrisco Headshot
Author:
Phone: 561-644-0052
Dated: July 14th 2016
Views: 101
About Salvatore: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Classic Gingerbread Cookie Recipe - Everyone loves Gingerbread. 
Kitchen Color Schemes How To Avoid Kitschy Colors - The never-regret kitchen starts
Dec 12 2017 44755 1 - Getting pre-approved for a
Baking A Christmas Ham - READY

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Exit Realty Premier Elite
8961 Hypoluxo Road
Lake Worth, FL
561-701-8124


Other Locations