More first-time homebuyers shun FHA mortgages in shift to conventional loans

First-time homebuyers have been told for years that FHA mortgages were their best financing option, the loan they were most likely to get, mainly because of relaxed credit standards and ultra-low down payments. But homebuyers are increasingly shying away from FHA mortgages, according to a new study from the National Association of Realtors (NAR). Why are homebuyers turning away from FHA financing? Here’s what you need to know.

More first-time homebuyers shun FHA mortgages in shift to conventional loans

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