Home Buyers: Now is the Time!
Posted by Dil Gillani on
KCM, or Keeping Current Matters, is a service which collects national real estate and housing information so that real estate agents may stay up-to-date on market trends. The responsibility now falls on us, as a brokerage, to keep all of our clients informed!
The first major reason why prospective home buyers should seize this moment is: there has been a steady rise in mortgage credit availability. Since November of 2013, banks and lenders have been more and more willing to issue mortgage credit to buyers.Â
Another strong motivation to buy now is the decrease in average FICO score needed to obtain a Federal Housing Administration Purchase Loan. Currently, the average acceptable FICO credit score for obtaining an FHA Loan has dropped to 682,…
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