First-Time Buyers Are Choosing Conventional Over FHA Financing
Pro Builder
MARCH 1, 2021
An increasing number of first-time buyers opted for conventional, conforming loans rather than FHA-insured mortgages in January. In 2020, 57% of first-time buyers chose conventional financing—a 5% jump from 2019. NAR says FHA financing can often be more expensive due to the mortgage insurance.
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