In my own personal business, FHA and VA loans have represented over 50% of my own purchase applications.
What’s interesting is that more of my VA buyers are existing homeowners who are looking to buy a new home. The VA guidelines for converting your existing home into a rental is much easier to qualify for than FHA or conventional financing (please contact me for details).
Below is an article from the Seattle PI showcasing the increase of FHA and VA loan applications:
Applications for mortgages insured by the Federal Housing Administration and Veterans Administration made up 35.9 percent of all mortgage applications in June, the highest share since 1990, according to the Mortgage Bankers Association
To read the rest of the article, CLICK HERE.
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