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1 in 8 home loans are FHA, and there's no reason why they wouldn't be in major metropolitan area. Are you sure you're not thinking of another loan type, like US
by bdcravens 4y ago
1 in 8 home loans are FHA, and there's no reason why they wouldn't be in major metropolitan area. Are you sure you're not thinking of another loan type, like USDA?
https://www.hud.gov/sites/dfiles/Housing/documents/FHA_SF_Market_Share_2022Q2.pdf https://www.hud.gov/sites/dfiles/Housing/documents/FHA_SF_Ma...
"In FY 2020, the three most populous states — California, Texas, and Florida — had the greatest counts of FHA-insured mortgage loan endorsements. Together, these states accounted for 28.64 percent of such endorsements."
https://www.ncsha.org/blog/fha-2020-annual-report-shows-fhas-impact-on-first-time-and-minority-homeownership/ https://www.ncsha.org/blog/fha-2020-annual-report-shows-fhas...