{"id":1209,"date":"2017-02-23T00:00:00","date_gmt":"2017-02-23T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/where-fha-loans-are-the-most-popular\/"},"modified":"2017-02-23T00:00:00","modified_gmt":"2017-02-23T00:00:00","slug":"where-fha-loans-are-the-most-popular","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/where-fha-loans-are-the-most-popular\/","title":{"rendered":"Where FHA Loans Are the Most Popular"},"content":{"rendered":"

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In 2016, 15.5 percent of home purchases were completed using Federal Housing<\/a> Administration loans<\/a>, according to ATTOM Data Solutions. For many borrowers, the FHA requires a down payment of just 3.5 percent of the purchase price of a home.<\/p>\n

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Read more<\/strong>: The Big Down Payment Myth<\/p>\n<\/blockquote>\n

The following are the eight metros with populations of more than 200,000 that had the largest percentage of purchases using FHA-insured loans in 2016.<\/p>\n

1. McAllen-Edinburg-Mission, Texas<\/p>\n

2. Ogden-Clearfield, Utah<\/p>\n

3. Merced, Calif.<\/p>\n

4. Visalia-Porterville, Calif.<\/p>\n

5. Salt Lake City, Utah<\/p>\n

6. Beaumont-Port Arthur, Texas<\/p>\n

7. Indianapolis-Carmel-Anderson, Ind.<\/p>\n

8. Amarillo, Texas<\/p>\n

Source: \u201c10 Hottest Markets for FHA Mortgages,\u201d National Mortgage<\/a> News (2017)<\/em><\/p>\n<\/div>\n<\/div>\n

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