Know the facts…

• • According to the Realtors Confidence Index from the National Association of Realtors, “72% of first-time home buyers put down less than 20%”.
  • According to Ellie Mae’s latest Origination Insight Report, over 50% of approved mortgages had a credit score of 600-749.
  • Home ownership  is highly correlated to building wealth. According to the Federal Reserve, homeowners have an average wealth of $231,420 while renters have an average wealth of $5,200.
  • 76.4% of loan applications were approved last month (EllieMae).

For more information on buying or selling a home in Northern Virginia, contact The Gus Anthony Team.

Email: team@gusanthony.com
Tel: (703) 818-1886