We have all heard about FHA mortgages and how FHA loans are the buzzword of the industry.
Now the National Association of Realtors is asking Congress to increase FHA funding to make more loans available. FHA Loans are government backed, meaning that there is less risk to the bank. According to the National Association of Realtors FHA insured loans are one of the major sources of home funding today so its role is key in ensuring the stability of the property market in the future.
For instance, FHA’s market share has increased from a low of 2 percent in 2006 and is expected to grow to over 30 percent in 2009. The National Association of Realtors concern is that without further investment and regulation this source could dry up too.
With such a great selection of homes available and buyers eager to snap up bargains as fast as they can funding is all important. Here in New Albany buyers are attracted to the areas proximity to Columbus as well as its fantastic quality of life for its residents and great schools for the kids.
If you are looking to purchase a property in New Albany, Gahanna, Blacklick, Westerville, or another Central Ohio community, please contact The Raines Group. We offer professional real estate advice and are happy to help you achieve your real estate goals. Please contact us today via our online contact form or by calling The Raines Group at 614-418-7417