Broeksmit emphasizes that having housing affordability prioritized in national discussions represents a significant positive development for the industry, yet he highlights skepticism regarding proposed down payment assistance due to existing affordable FHA loan options.
Discussing the recent improvements to the FHA 203(k) loan program, Broeksmit points out that raising the financing limit to $75,000 enables more homebuyers to renovate properties, which is critical for increasing housing inventory.
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