The Federal Housing Administration guaranteed nearly 186,000 mortgages in the month of June up from their previous record high of 157,000 in October. FHA loans are pretty much the only mortgages in the marketplace that allows you to put down a very low down payment. This is the highest number of loans endorsed by the FHA in it’s 75 year history. For those of you who could qualify for a FHA Loan now is a good time to take a hard look at your purchasing power and begin prospecting some of the great deals out in the marketplace. Click here to read the Wall Street Journal article about the Federal Housing Administration’s recent accomplishment and here to learn more about FHA Loans.
Advertisement
