Conventional loans remained the most popular loan type for preapproved borrowers in Q2, increasing their share from 74.2% to 74.7% on a quarterly basis. Preapprovals for Federal Housing Administration (FHA) loans saw a slight decrease in share, from 19% to 18.6%, while U.S. Department of Veterans Affairs (VA) loans and U.S. Department of Agriculture (USDA) loans maintained their shares at 4.5% and 1%, respectively.
“Despite the increase in sales price, we’ve seen increased prequalification numbers for conventional, FHA, VA and USDA loans, demonstrating borrowers’ desire to purchase,” said
Even though higher home sales prices were prevalent in the second quarter of 2025, borrower activity held steady, with preapprovals rising nearly 12% and average loan amounts jumping to $367,305.
That’s according to the LenderLogix Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior. The latest report, released Tuesday, covers data collected during the preapproval and borrower application process in Q2 2025.
In Q2 2025, borrowers generated 11.9% more preapproval letters through the company’s QuickQual preapproval platform compared to the first quarter of this year.
The average number of preapproved borrowers per loan officer increased from 26.5 in details ⇒
BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com