Thursday, November 3, 2011

Oregon SF FHA Loans , CY 2011 Thru September: $2.1 Billion, 10,600+ Loans.

I have prepared a new Oregon county level FHA Single Family loan summary table HERE showing FHA loan volume for CY 2011 through September. 
Some observations about the first 9 months of CY 2011 Oregon FHA loan activity:
  1. FHA has insured 10,641 loans, representing the commitment of more than $2.1 billion in private funds.
  2. Of that total, 61% of loans were for home purchases, with the remainder either refinance loans or Home Equity Conversion loans. 
  3. The average HECM loan was $66,000+ more than the average home purchase loan; 67% of HECM loans were made outside the 5 counties in Oregon that are part of the Portland metro area, compared to only 49% of other refinance loans. 
 (My similar post with Oregon data thru June 2011 is HERE).

Originally created and posted on the Oregon Housing Blog.

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