FHA: The New Subprime

Calling all flippers! I just read the latest stats on FHA loans and they are staggering.

23% of all first mortgage loans last month nationwide were FHA loans. That’s up from 1.8% two years ago and is still on the rise.

I wonder if it will continue to rise because no more 100% financing is available since down payment assistance programs have been banned.

We get a ton of questions about FHA loans. We don’t really do many of them since we specialize in investor financing and there are NO FHA loans for investors.

Occasionally, we will do one for an investor client that is selling his flip to a retail buyer.

If you’re a flipper, you need to know these things! Or at least have The Investor Insights on your side.