How many homes are bought today with and FHA mortgage? I wish I had those statistics but I am sure in this market the FHA loan is king. I wanted to take a little time and discuss some aspects of the FHA mortgage some of us may have forgotten. The FHA program was created to get people into homes and that principle still applies. Customers with less than perfect credit, "home wishers" with no money in the bank, those needing a tax deduction with no credit as well as those with little income who need a good roof over their head. All these people apply to the FHA principle of home ownership opportunity. Did you know FHA allows for a co-borrower who does not intend on living in the home? That is a market for elderly parents or disabled prospects who might not otherwise qualify. How about that house that needs work but offered at a good price. You can sell that home on an FHA 203K rehabilitation product and the customer can borrow the money to fix it up. Maybe the declining market and the 5% reduction in lending has caused sales to dampen. FHA to the rescue with no reduction in loan to value and still with down payment assistance your client can buy a house with little or no money down. In other words we still close "100%" products just in a different way than days past. FHA will help sell houses so look for other FHA news on future blog messages. Call me if you need FHA to help you close another deal.