November 15, 2024 3:17 am
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Non-conventional financing continues its presence in new-home market

financing
By Jann Swanson | Mortgage News Daily

A large contingent of new homes started in 2015 were purchased using non-conventional financing according to a new analysis by the National Association of Home Builders (NAHB). The association’s Assistant Vice President for Housing Policy Research, Natalia Siniavskaia writes that more than a third (34.4 percent) of newly constructed homes started last year did not use conventional financing. This includes purchases using all cash, FHA, VA, and Rural Housing Service (USDA) loans.

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