It's easy to remember when a few years ago when the only people able to take advantage of FHA financing lived in "the outskirts". Low loan limits and a myriad of easy to qualify for loan products kept FHA origination (at least in my neck of the woods) at low levels.
These days I can honestly say 4 out of 5 purchase applications that hit my desk are for FHA insured loans.
No ones complaining though! With record low rates and the LOWEST down payment option for most buyers, FHA will continue to rein supreme...for the moment anyway.
No comments:
Post a Comment