Now may be the best time to get your FHA loan if you are planning on it. Why? Because the process may soon become difficult, reports The Mortgage Reports Blog:

So, consider today’s FHA stories your fair warning.  If you’re planning
to use the FHA for your next home loan, the approval process should be
much easier for you today than even just a few weeks from now.

This is due to the fact that Fannie Mae and Freddie Mac are underwriting the better loans, and leaving most of the dross for the federal government — to be funded at taxpayer expense. So, as the government’s loan portfolio deteriorates, so will your chances of getting an easy approval for an FHA loan.