Contrary to popular belief FHA loans are NOT carrying many areas of SD County

[ctr70]

http://www.bubbleinfo.com/

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!

[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.

[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.

[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.

[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.

[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.

[urbanrealtor]

[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.

[urbanrealtor]

[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.

[urbanrealtor]

[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.

[urbanrealtor]

[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.

[urbanrealtor]

[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.

[GoUSC]

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.

[GoUSC]

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.

[GoUSC]

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.

[GoUSC]

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.

[Author]

Posts