More first-time buyers qualify – mainly from FHA loans

Bobby and Lindsey
Published on September 5, 2018

More first-time buyers qualify – mainly from FHA loans

New loans with FICO scores below 700 – including some in the rock-bottom 400s and 500s – have increased from 21.9% of the market in 2009 to 29.7% last year, according to FICO researchers, and FHA loans are a notable part of the increase.

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