FHA 203k Loans Volume Continue To Increase In 2010

HUD recently released its fiscal year-end FHA loan endorsement figures for 2010 (year ending September 31,2010). As you can see by the chart below the number of FHA 203k loans insured in 2010 was in excess of 22,000. Over the past five years the 203k loan has seen an increase in production from 2,924 loans in 2006 to 22,491 closed 203k loans in 2010.

The FHA 203k is a valuable tool for financing homes in today’s residential real estate market. Take the time to learn the basics and find a 203k lender who can assist you in identifying a team of 203k professionals that can help you realize your dream of homeownership.



email me with your 203k questions at: dshepherd@bncnationalbank.com or call at: 1-800-689-6001