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Conventional Financing Remained Tops in 2009

2008 vs 2009 Financing Types

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

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