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Thats why its important to develop certain financial skills before buying a house.
If youre new to house hunting, here are threemoney skills you oughta master before you buy a home.
In nearly all cases, youll need avery good credit scoreto get approved for a loan.
Youll typically need a FICO score of 620 to finance a home purchase,according to Rocket Mortgage.
The median U.S. home sales price was $358,967 as of September 30, 2024, according to Zillow.
For a 20% down payment, youll need to save up nearly $72,000 for an average-priced home.
Youll also have to pay for your own home repairs, improvements and upgrades.
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