FHA Loans-The Change Didn’t Hurt

When FHA first announced they were raising the required down payment from 3 to 3.5% there were shouts of alarm from both lenders and Realtors® that the change would crash home sales.

However looking at the type of loans used to purchase properties in Woodbridge in April it is obvious that the alarm was just another “Chicken Little” scenario.

FHA loans are alive and well and out pacing all other types of loans. This quick chart looks at zip codes 22191, 22192 & 22193 all hot areas right now.

Loan Type Number
VA 39
FHA 164
Conventional 79
Cash 87

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