Why Sellers don't like FHA or VA loans

89% of Sellers choose Buyer offers with conventional loans over Federal Housing Administration (FHA) and Veterans Affairs (VA) creating a homeownership gap.

FHA & VA loans typically have

1. Home inspection requirements

2. Low appraisals

3. Are slower to close

This homeownership gap puts Buyers with lower income, lower credit scores and less wealth at a disadvantage.

According to the National Associations of REALTORS article dated 7.7.21