While the effects of the sub-prime mortgage market mess continue to wreak SERIOUS havoc, FHA Loans continue their positive growth. According to the Baltimore Sun:

Home buyers and refinancing owners nationwide took out nearly 530,000 FHA loans in the first half of the year, 160 percent more than in the corresponding months last year. In the Baltimore metro area, FHA loans skyrocketed from fewer than 2,500 to more than 9,300 – a nearly fourfold increase. Agency officials believe the recent federal takeover of mortgage financiers Fannie Mae and Freddie Mac will only add to its numbers.

The article also points out that FHA Loans aren’t being considered just by first time home buyers anymore. In today’s market, an FHA Loan can be a realistic offer for buyers at many different stages of life.

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