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.
4202 N 28th Street 1, Phoenix 85016, Parkview Condominiums Apt 1-12 14
- $158,500
- Bedrooms: 2, Baths: 1
- Home size: 900
- Lot size: 813
- Year built: 1964
- MLS #: 5634003
14203 N 19th Avenue 1055, Phoenix 85023, Sungate at Moon Mountain
- $112,000
- Bedrooms: 2, Baths: 1.75
- Home size: 914
- Lot size: 845
- Year built: 1981
- MLS #: 5642318
740 W Elm Street 210, Phoenix 85013, Solaris Condominiums
- $124,900
- Bedrooms: 2, Baths: 2
- Home size: 929
- Lot size: 884
- Year built: 1984
- MLS #: 5646699
833 E Peoria Avenue 2, Phoenix 85020, Pointe Tapatio Lot 1-142 & TR A-Z & AA&BB
- $175,000
- Bedrooms: 2, Baths: 1
- Home size: 1,015
- Lot size: 769
- Year built: 1979
- MLS #: 5639204
420 W Blackhawk Drive 4, Phoenix 85027, La Crescenta
- $145,000
- Bedrooms: 2, Baths: 2
- Home size: 994
- Lot size: 1,104
- Year built: 1983
- MLS #: 5647916
17 W Vernon Avenue 611, Phoenix 85003, Willowalk Building A Condominium
- $250,000
- Bedrooms: 2, Baths: 2
- Home size: 1,447
- Lot size: 76
- Year built: 2005
- MLS #: 5646357
3302 N 7th Street 212, Phoenix 85014, Brick Commons Condominium
- $215,000
- Bedrooms: 2, Baths: 2
- Home size: 1,217
- Lot size: 1,218
- Year built: 1999
- MLS #: 5617547
3524 W Dunlap Avenue 131, Phoenix 85051, Dunlap Condominums
- $78,900
- Bedrooms: 2, Baths: 2
- Home size: 1,108
- Lot size: 621
- Year built: 1974
- MLS #: 5631083
4149 W Boca Raton Road , Phoenix 85053, April Sound
- $155,000
- Bedrooms: 2, Baths: 2.5
- Home size: 1,228
- Lot size: 1,614
- Year built: 1987
- MLS #: 5647697
5110 N 31st Way 327, Phoenix 85016, Biltmore Terrace Condominiums
- $229,900
- Bedrooms: 2, Baths: 2
- Home size: 1,319
- Lot size: 1,256
- Year built: 1981
- MLS #: 5648431
2133 W Turney Avenue D74, Phoenix 85015, Quatros 3
- $74,500
- Bedrooms: 2, Baths: 1
- Home size: 992
- Lot size: 771
- Year built: 1976
- MLS #: 5648398
6207 N 22nd Drive , Phoenix 85015, Orangeaire Villas
- $154,900
- Bedrooms: 3, Baths: 1.75
- Home size: 1,283
- Lot size: 2,287
- Year built: 1979
- MLS #: 5648669
5122 N 31st Way 217, Phoenix 85016, Biltmore Terrace
- $214,900
- Bedrooms: 2, Baths: 2
- Home size: 1,321
- Lot size: 1,321
- Year built: 1981
- MLS #: 5540425
4707 E Belleview Street , Phoenix 85008, Villa Verde Condo Not A Sub
- $74,900
- Bedrooms: 2, Baths: 1.5
- Home size: 968
- Lot size: 408
- Year built: 1972
- MLS #: 5639732
114 W Adams Street 307, Phoenix 85003, Orpheum Lofts Condominium 2ND Amd
- $199,900
- Bedrooms: 1, Baths: 1
- Home size: 755
- Lot size: 751
- Year built: 2005
- MLS #: 5648800
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
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ARMLS Listing Data last updated 8/19/2017 11:31 AM MST.