Current State of FHA Financing, and a 2013 Sneak Peek

FHA financing is still going strong, now more than ever. The housing and mortgage crisis caused lenders to tighten their standards. They began requiring higher credit scores, smaller debt loads, and a lot more documentation. In short, it suddenly became a lot harder to qualify for a loan. That’s why so many borrowers turned to the FHA financing program. It will continue to be the loan of choice for many buyers, especially those with shaky credit or other qualification problems.