Buying a Home Can Be Scary... Unless You Know the Facts Posted on October 31, 2017 - 08:02 AM by Red Hilton 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. Comments There are no comments for this post.