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Federal Housing Administration

Fewer Millennials Taking Out FHA-Backed Loans

Millennials are taking out fewer FHA-backed mortgage loans, according to the Ellie Mae Millennial Tracker. While 63% of all closed loans were made to Millennial borrowers, only 32% of FHA-backed loans were made to Millennials. “Conventional and FHA loans make up the vast majority of loan types among Millennials, and tend to track in cycles.

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