Hi

Anyone know what years FHA was popular besides today? Thanks.

Anybody?

I think if you look at a chronological chart of Mortgage Interest rates over the past 40 years, you will find an direct relationship: FHA becomes a popular alternative as private sources become more expensive.

Today is an anomaly because of the perceived hesitancy by private lenders to loan despite the record low levels of primary home interest rates we have today.

I'm sure the Federal Housing Authority has documentation on this at one of their websites.

I know when I started in 2000 there were alot more HUD homes, meaning an FHA loan had gone bad. Over the recent boom years, there were not many of them, since (this idea plays off of Vermont's) Conventional loans were so easy to get, why would anyone go FHA?

To answer your question, I imagine in the late 90s people were going fha. Want to find out for your area? Tweak your MLs and search old closings and look to financing category. Just a thought.

The 80's and 90's were popular time frames for FHA. The 80's was when they changed the guidelines for lower income borrowers to be able to put limited money down.