In our next installment of the Keller Williams reportwe look at FHA Plans to Expand Capacity

Source: hud.gov

Over the past three years, the percentage of FHA-backed loans has skyrocketed from 2% to 24% of all mortgages today.

To cope with the rapid expansion, FHA has requested authority to provide $400 billion in additional FHA insurance. This is anticipated to allow 2.25 million additional mortgages to be endorsed by HUD.

Given additional funds, FHA will be able to keep up with the dramatically increasing demand, and consumers should continue to have access to FHA loans.

Check back for the next installment in this series: Credit Scores.

Jennifer Mackay
850-774-6582
www.jennifermackay.com

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