We’ve announced new loan limits for calendar year 2025 for our Single Family Title II forward and Home Equity Conversion Mortgage insurance programs. Loan limits for most of the country will increase in the coming year due to continued home price appreciation: https://lnkd.in/ef_P2KEu
Federal Housing Administration and HUD Office of Housing
Insurance
Washington, DC 41,699 followers
About us
The U.S. Department of Housing and Urban Development's Office of Housing plays a vital role for the nation's homebuyers, homeowners, renters, and communities through its nationally administered programs. The Office of Housing includes the Federal Housing Administration (FHA) one of the largest mortgage insurers in the world with an active insurance portfolio of over $1.3 trillion for mortgages on single family and multifamily properties and healthcare facilities. The Office also: -Administers HUD's Manufactured Housing program, which oversees federal standards for the design and construction of manufactured homes across the country; -Encourages recapitalization of the nation's aging affordable housing stock through programs such as the Rental Assistance Demonstration; -Manages HUD’s Multifamily Project-Based Rental Assistance and other rental assistance programs, which provide support for low and very low income households; -Supports Section 202 Housing for the Elderly and Section 811 Housing for Persons with Disabilities programs, which provide affordable housing for some of the nation's most vulnerable populations; -Facilitates housing counseling assistance through HUD's Office of Housing Counseling; and -Executes robust asset sale programs to facilitate participation by mission-oriented non-profit organizations and units of local government.
- Website
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https://www.hud.gov/federal_housing_administration
External link for Federal Housing Administration and HUD Office of Housing
- Industry
- Insurance
- Company size
- 1,001-5,000 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1934
- Specialties
- Mortgage insurance for eligible single family home mortgages originated by FHA-approved lenders., Mortgage insurance for mortgages on hospitals, skilled nursing, and assisted living facilities originated by FHA approved lenders, Administration of subsidized housing programs that provide rental assistance to low-income families, the elderly, and those with disabilities., Preservation and recapitalization of assisted affordable housing through the Rental Assistance Demonstration., and Mortgage insurance for mortgages on eligible multifamily properties originated by FHA-approved lenders.
Locations
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Primary
Get directions
451 7th St. S.W.
Washington, DC 20410, US
Employees at Federal Housing Administration and HUD Office of Housing
Updates
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FHA portfolio reports covering September 2024 activity are available now. In September, FHA insured more than 67,000 single family home mortgages, 48 multifamily mortgages, and 24 healthcare facility mortgages. Access the reports: https://lnkd.in/ewbJrkH
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In a newly posted draft, we’re proposing updates that will allow greater flexibilities for borrowers using income received from individuals renting space in borrowers' homes to qualify for an FHA-insured single family mortgage. Review the draft and provide feedback from our Drafting Table web page: https://lnkd.in/euKqdwf
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Today we announced nearly $30 million in Green and Resilient Retrofit Program awards to multifamily properties across 23 states to support energy efficiency and climate resilience renovations of more than 4,700 homes: https://lnkd.in/e_EsUHGr
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Today, we also released the Fiscal Year 2024 FHA Annual Management Report. The report further details the accomplishments within our single family housing, multifamily housing, and healthcare programs and highlights FHA's 90th anniversary. Read the full report: https://lnkd.in/e_ZaFduk
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Today FHA published its annual report to Congress on the status of the Mutual Mortgage Insurance Fund for fiscal year 2024. The report describes the work of the FHA Single Family mortgage insurance programs over the past fiscal year and the performance of the Fund which supports that work: https://lnkd.in/eCwyjfvc
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Over the past four calendar years, more than 8 out of every 10 borrowers with FHA-insured home purchase mortgages were first-time homebuyers, whereas in the rest of the market, loans made to first-time homebuyers comprised half of originations: https://lnkd.in/ehpCsYbn
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A majority of Black and Hispanic borrowers who obtained low down payment mortgages and slightly less than half of all rural borrowers who obtained low down payment mortgages obtained mortgages insured by FHA, according to calendar year 2023 Home Mortgage Disclosure Act (HMDA) data. https://lnkd.in/ehpCsYbn
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FHA’s post-forbearance home retention options have been extremely effective at helping borrowers avoid foreclosure and stay in their homes. Approximately 1.7 million FHA borrowers entered into a COVID-19 forbearance from April 1, 2020, through September 30, 2024: https://lnkd.in/ehpCsYbn
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As of September 30, 2024, the MMI Fund capital ratio stands at 11.47 percent of Insurance in Force: https://lnkd.in/ehpCsYbn
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