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Home » Store » Government-Insured Lending » FHA Share of Home-Purchase Financing Falls to Five-Year Low, Borrowers Shift to GSEs and VA

FHA Share of Home-Purchase Financing Falls to Five-Year Low, Borrowers Shift to GSEs and VA

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High fees on FHA mortgages have helped push FHA’s market of financing for home purchases to the lowest level since the financial crisis, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. FHA mortgages were used to finance 18.2 percent of home purchases in September, based on a three-month moving average. That was down from a 21.9 percent share in September 2013 and 36.6 percent in May 2010, the highest level for FHA financing in the five-year history of HousingPulse. From 2008 through 2013, the Department of Housing and Urban Development increased...
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