Conventional Financing remained the most popular way to buy a home in Des Moines, Iowa in 2009 at 45.9%. However it was substantially lower than 2008 when 62.2% of buyers bought with a Conventional mortgage.
Coming in second this year was FHA financing at 34.3%. FHA appeared to have picked up the previously Conventional business increasing 14% from 2008.
The third most popular type of financing was not using a bank at all. Almost 15% of all transactions in 2009 were cash purchases