Electric Loan Officer

Could FHA Loans lose the popularity contest in October?


As it stands right now the nations most popular loan is in fact the FHA loan. The reason for this popularity is primarily due to its “affordability” and easy to meet credit requirements. On October 4, the Federal Housing Administration plans to significantly increase the insurance premiums for the mortgage loan thus making it less affordable for the consumer.

Many industry analysts believe that this could in turn bring private mortgage insurers back into the game and increase their market share. This could be great news for the conventional loan market and possibly cause private Mortgage Insurance companies to get creative with their guidelines in turn producing more real estate financing programs.


-Justin, Electric Loan Officer

Need a Loan Officer you can rely on?

Whether you’re an agent or a borrower, fill out the form below and let me know how I can best serve you!

[gravityform id=”8″ name=”New Blog Lead!” title=”false” description=”false”]

About author View all posts

Justin Haines