{"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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[ad_1] In 2016, 15.5 percent of home purchases were completed using Federal Housing Administration loans, according … Where FHA Loans Are the Most Popular<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1210,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[15239,625,12908,543,604,41,818],"class_list":["post-1209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-chase","tag-down-payment","tag-home","tag-home-buying-guide","tag-loans","tag-property","tag-real"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/XYUOJcCOC9U","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1893,"url":"https:\/\/amazingproperty.com.ng\/blog\/what-has-analysts-worried-with-fha-loans\/","url_meta":{"origin":1209,"position":0},"title":"What Has Analysts Worried With FHA Loans","author":"Amazing Property","date":"March 13, 2017","format":false,"excerpt":"The number of riskier mortgages is growing, which is increasing delinquencies\u2014albeit slightly\u2014and raising concerns about defaults, USA Today reports. Federal Housing Administration loans, which typically require down payments of 3 percent to 5 percent, are at the center of most of the concern. Read more: Where FHA Loans Are the\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1672,"url":"https:\/\/amazingproperty.com.ng\/blog\/millennials-flood-fha-loan-market\/","url_meta":{"origin":1209,"position":1},"title":"Millennials Flood FHA Loan Market","author":"Amazing Property","date":"March 7, 2017","format":false,"excerpt":"Millennials are becoming a powerhouse in the real estate market, accounting for 84 percent of closed loans in January. And they\u2019re increasingly turning to Federal Housing Administration loans, those that offer low down payment options, to achieve homeownership.\u00a0 Read more: Millennials Are Missing Out on Home Equity In January, 35\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4007,"url":"https:\/\/amazingproperty.com.ng\/blog\/think-your-credit-score-is-too-low-to-buy-a-house-maybe-not\/","url_meta":{"origin":1209,"position":2},"title":"Think Your Credit Score Is Too Low To Buy A House? Maybe Not","author":"Amazing Property","date":"April 30, 2017","format":false,"excerpt":"\u00a0 When it comes to your credit score, how low is too low? The number you really need to buy a house. 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On Inauguration Day, the U.S. Department of Housing and Urban Development suspended a planned reduction in\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7950,"url":"https:\/\/amazingproperty.com.ng\/blog\/cash-sales-soar-to-post-recession-high\/","url_meta":{"origin":1209,"position":4},"title":"Cash Sales Soar to Post-Recession High","author":"Amazing Property","date":"January 29, 2018","format":false,"excerpt":"Cash sales accounted for 8 percent of new-home sales in the fourth quarter of 2017, matching a high that has not been seen since 2014, the National Association of Home Builders reports on its Eye on Housing blog. 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