FHA Home Loans Refinancing

FHA Loans Soar in Popularity for Refinancing

07.22.09

A recent Bloomberg article on FHAmortgage rates reported that FHA 2009 Endorsements Exceed $.25 Trillion. The origination of loans insured by the Federal Housing Administration during the current fiscal year, including reverse mortgages, has exceeded a quarter-trillion dollars.  During June, 194,528 FHA home loans were endorsed for $36.9 billion, according to data reported by the U.S. Department of Housing and Urban Development.  FHA refinance loans accounted for 96,920 of June’s endorsements, while purchases represented 88,975

1 comment so far

FHA loan programs are awesome for non military veterans!! FHA is so much better than the subprime mortgages that brokers were peddaling for years. Like the VA loans, FHA mortgages are government insured loans that have helped many people become new homeowners. Hopefully lending guidelines change enabling to help more homeowners refinance.
Gabby Rodriquez
VA Home Mortgage Loans



Leave a comment
Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

(required)

(required but not displayed)




Preferred Loan Type:
Mortgage Balance
Property Value
Credit Rating
Property State
Full Name
Email Address
Phone