Fewer Using Nonconventional Loans to Fund a New Home Purchase

National Mortgage News, Aug. 13, 2018–Elina Tarkazikis (subscription)
The percentage of nonconventional financing for new-home purchases fell to 30.8% in 2017, from 31.5% in 2016. For reference, 2016 was the first time this share represented less than a third of the market since 2008.