AdvertisementLoans For 1st-Time Homebuyers See Record DelinquenciesAugust 18, 2020Chris ArnoldfacebookEmailA sale sign is seen in front of a home in Miami. FHA loans are used by many minority, lower-income, and first-time homebuyers because the low down payments make homeownership more affordable. But this demographic is more likely to be hurt financially during the pandemic, and many FHA borrowers are skipping mortgage payments. (Getty Images)