Rise in FHA Loans is a Sign of Recovery, Says Superior Notary Services

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In spite of the overall economic slump, FHA loans for homeowners seem to be picking up. With the first time home buyer tax credit of $8,000 set to expire at the end of the year, it's only a slight surprise that home sales are starting to show signs of life.

These days, it's impossible to get a zero percent down payment on a bank loan, and many banks require as much as 20% down. FHA loans let buyers finance up to 97% of their home, so I see the appeal there

In spite of the overall economic slump, FHA loans for homeowners seem to be picking up. With the first time home buyer tax credit of $8,000 set to expire at the end of the year, it's only a slight surprise that home sales are starting to show signs of life.

What is surprising, says Superior Notary Services owner Clay Mason, is the number of FHA loans being taken out. His nationwide mobile notary service has seen a 30 to 40% increase in FHA loan signings over the past two months. What was once only 20 or 25 of the monthly mobile closings his company offers is now more like 70 a month.

"These days, it's impossible to get a zero percent down payment on a bank loan, and many banks require as much as 20% down. FHA loans let buyers finance up to 97% of their home, so I see the appeal there," said Mason. "That our mobile notaries have seen an uptick in FHA loans lately speaks well of the economic rebound."

To learn more about Superior Notary Services or schedule a closing, visit http://www.superiornotaryservices.com.

About Superior Notary Services
Superior Notary Services, a Wylie, Texas-based company, offers "one stop" access to a nationwide network of qualified closers (over 30,000 mobile notaries and attorneys). The company assists customers in getting important documents, including real estate documents, wills, and child custody agreements notarized quickly from the convenience of their home or office. For more information visit http://www.superiornotaryservices.com

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