Comments on: FHA Loan Activity Reaches Record Highs At Years End http://www.fhaloanpros.com/2009/01/fha-loan-activity-reaches-record-highs-at-years-end/ The Unofficial Guide to FHA Loans & Mortgages Wed, 10 Mar 2010 11:40:13 +0000 http://wordpress.org/?v=2.6 By: Chandler Real Estate http://www.fhaloanpros.com/2009/01/fha-loan-activity-reaches-record-highs-at-years-end/#comment-37140 Chandler Real Estate Wed, 14 Jan 2009 16:27:42 +0000 http://www.fhaloanpros.com/?p=870#comment-37140 Speaking with a mortgage consultant yesterday, he told me that nearly 80% of the loans he is doing are FHA. This is why the termination of Down Payment Assistance had such a big impact on the market. Imagine where the market would be if FHA weren't so flexible and either buyers had no options to get financing without a significant down payment (Phoenix is a 'declining market' so that 10% is often the minimum down payment required). I do wonder how long FHA foresees being used for so many loans. Thanks for the updates. David Lorti Speaking with a mortgage consultant yesterday, he told me that nearly 80% of the loans he is doing are FHA. This is why the termination of Down Payment Assistance had such a big impact on the market.

Imagine where the market would be if FHA weren’t so flexible and either buyers had no options to get financing without a significant down payment (Phoenix is a ‘declining market’ so that 10% is often the minimum down payment required). I do wonder how long FHA foresees being used for so many loans.

Thanks for the updates.

David Lorti

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