It appears that Millennials are finally beginning to enter the housing market. In a recent report , CoreLogic looked at the annual net change in household formations over the last decade It appears this is the year that Millennials are finally moving out of their parents’ basements and finding a place of their own. And they are not all renting Recent surveys have revealed that there are major misunderstandings as to what is required to get a mortgage in today’s lending environment. Many Americans believe you need at least a 780 FICO score and 20% down payment. In reality, neither is required. Here are the mortgage statistics (FICO score, % of down payment, mortgage interest rate and debt-to-income ratio) for Millennials who have completed the mortgage process in the first half of this year. More and more Millennials are beginning to enter the housing market. As they begin to better understand the mortgage process, we will see even greater numbers buying a home.
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5450 E Deer Valley Drive 4200 Phoenix 85054
8033 N 29th Drive Phoenix 85051
6023 S 5th Avenue Phoenix 85041
18406 N 16th Place Phoenix 85022
3008 N 57th Avenue Phoenix 85031
11043 N 40th Avenue Phoenix 85029
3438 W Banff Lane Phoenix 85053
4744 N 50th Drive Phoenix 85031
3613 W Citrus Way Phoenix 85019
2530 E Villa Theresa Drive Phoenix 85032
6024 S 3rd Street Phoenix 85042
1107 W Osborn Road 207 Phoenix 85013
11640 N Tatum Boulevard 1053 Phoenix 85028
20611 N 21st Drive Phoenix 85027
2829 W Yuma Street Phoenix 85009
5136 N 31st Place 634 Phoenix 85016
3541 W Meadowbrook Avenue Phoenix 85019
1639 N 69th Avenue Phoenix 85035
723 E Sunnyslope Lane Phoenix 85020
725 E Sunnyslope Lane Phoenix 85020
18810 N 33rd Drive 6 Phoenix 85027
310 S 4th Street 1502 Phoenix 85004
4625 W Thomas Road 71 Phoenix 85031
1720 E Thunderbird Road 2110 Phoenix 85022
