Loan preference is shutting some FHA-backed buyers out of Philly area’s hot housing market (The Philadelphia Inquirer)

Norma Eason always wanted to buy a home and believed that, now, she was ready.

The 31-year-old bolstered her savings and researched home buying. Eason, a custodian at the University of Pennsylvania, and her husband, who works in construction, got preapproved for a loan backed by the Federal Housing Administration. They started their search in March for a place for them and their four young children.