Interesting post by JTR on stats on the financing of North County Coastal recent sales. We can’t say those areas are being carried by low down FHA loans. A very tiny % of the loans are FHA and most have very large down payments.
Also, I’ve been doing a lot of research on condo’s in Metro SD (North Park/South Park/U Heights/Normal Heights) and found the same…very few closed sales the last 6 weeks are FHA and VA. Most are 20%+ down or cash.
It’s amazing to me that there is that much demand out there with 20%+ down. Especially looking at the job situation and how much wealth has been lost in stocks and real estate. I guess San Diego ain’t Detroit!
[quote=sdrealtor]There are plenty of buyers trying to go FHA, just not a high percentage suceeding. Stronger buyers are carrying the day with inventory so constrained.[/quote]
That is totally consistent with what I am seeing.
Not many FHA loans closing but piles of FHA buyers.
[quote=sdrealtor]There are plenty of buyers trying to go FHA, just not a high percentage suceeding. Stronger buyers are carrying the day with inventory so constrained.[/quote]
That is totally consistent with what I am seeing.
Not many FHA loans closing but piles of FHA buyers.
[quote=sdrealtor]There are plenty of buyers trying to go FHA, just not a high percentage suceeding. Stronger buyers are carrying the day with inventory so constrained.[/quote]
That is totally consistent with what I am seeing.
Not many FHA loans closing but piles of FHA buyers.
[quote=sdrealtor]There are plenty of buyers trying to go FHA, just not a high percentage suceeding. Stronger buyers are carrying the day with inventory so constrained.[/quote]
That is totally consistent with what I am seeing.
Not many FHA loans closing but piles of FHA buyers.
[quote=sdrealtor]There are plenty of buyers trying to go FHA, just not a high percentage suceeding. Stronger buyers are carrying the day with inventory so constrained.[/quote]
That is totally consistent with what I am seeing.
Not many FHA loans closing but piles of FHA buyers.
We bought out house with an FHA loan back in August. It was a nightmare fraught with providing a ridiculous amount of information and TWO hack appraisers. But we closed. Subsequent to that I am dumping all the cash into a remodel right now… Hopefully will be able to get the PMI off at the end of the first year term.
We bought out house with an FHA loan back in August. It was a nightmare fraught with providing a ridiculous amount of information and TWO hack appraisers. But we closed. Subsequent to that I am dumping all the cash into a remodel right now… Hopefully will be able to get the PMI off at the end of the first year term.
We bought out house with an FHA loan back in August. It was a nightmare fraught with providing a ridiculous amount of information and TWO hack appraisers. But we closed. Subsequent to that I am dumping all the cash into a remodel right now… Hopefully will be able to get the PMI off at the end of the first year term.
We bought out house with an FHA loan back in August. It was a nightmare fraught with providing a ridiculous amount of information and TWO hack appraisers. But we closed. Subsequent to that I am dumping all the cash into a remodel right now… Hopefully will be able to get the PMI off at the end of the first year term.
