Why the popularity?
Higher loan limits, lower home prices and a low down payment requirement have made these government-insured loans a more secure bet for homeowners. As a result, more homes now qualify for an FHA loan and you can now buy a higher priced home using an FHA loan than in past years, Councilman says.
Read more on Bankrate.com
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I came up with a list of levers/attributes that I believe contribute to popularity. The next step would be to take these qualities and begin to assign values ? though I'll leave that for another, far nerdier post. ...