National Homeownership Month 2025

Video Message from the Secretary

Key Statistics

Expanding Access to Homeownership

FHA is one of the largest mortgage insurers in the world — serving first-time homebuyers, individuals, and families at higher rates than other market participants. 7+ million households currently live in homes financed by an FHA-insured mortgage.
Since January 20, 2025, FHA has insured mortgages for 236,000+ homebuyers, including 140,000+ first-time homebuyers and 7,900+ senior homeowners.
72.6% of Ginnie Mae’s new issuances in calendar year 2025 have supported first-time homebuyers, and nearly 40% of Ginnie Mae’s total portfolio now represents loans to first-time buyers.
Since January 2025, Ginnie Mae has securitized 504,894 Veterans Affairs (VA) loans, with nearly 25% of these loans to veteran first-time homebuyers.

Increasing Housing Supply & Affordability

Manufactured Housing remains one of the most affordable housing options, representing 10% of new single-family home starts in America, and is an affordable product for first-time and other homebuyers using FHA-insured mortgages.
26,000+ HUD-code manufactured homes were produced in the first calendar quarter of 2025 alone, an increase of nearly 8% from the same period year over year.
FHA has active insurance on mortgages and loans with 338,000+ owners of the nation’s supply of manufactured homes.
22 million people in the United States live in manufactured homes— one of the largest sources of non-subsidized housing in the country.

Serving Native American Communities

Section 184 in HUD’s Office of Native American Programs has guaranteed 58,500+ mortgages, representing $10.5+ billion in investment to Tribes, Tribal housing authorities and Tribal members. Watch this video to learn more about Section 184.
As of May 2025, the Section 184 Program has already reached 70% of its FY 2024 loan volume and continues to build momentum.

FHA Myth v. Fact

Many misconceptions surround Federal Housing Administration (FHA)-insured mortgages, often making the homebuying process more confusing than it needs to be. Knowing what’s fact and what’s fiction can help buyers make informed decisions. Here we set the record straight about how FHA-insured mortgages can help American homebuyers:

Myth 1: You can only purchase a single-family residence with an FHA-insured mortgage loan.
Truth is, there are many types of properties that are eligible for FHA insurance. These include single-family homes, 2-4-unit properties, condos, townhomes, modular, and manufactured homes that meet FHA property requirements for structural soundness, safety, and livability.
Myth 2: FHA-insured mortgage loans require a higher down payment than conventional loans.
FHA’s minimum required investment can be lower than most conventional loans, as it is only 3.5% in most cases. And that 3.5% minimum required investment may come from various acceptable sources, such as borrower’s own funds, gifts, second mortgages, and grants through various downpayment assistance programs.
Myth 3: FHA requires perfect credit and high credit scores.
FHA-insured mortgages have a lower minimum credit score requirement than most conventional mortgages.
Myth 4: Income from non-taxable or self-employment is not allowed.
Not true! Borrowers can qualify for an FHA-insured mortgage using income from their salaries, commissions, self-employment, secondary employment, pensions, social security benefits, and other non-taxable income to meet their income verification documentation requirements.
Myth 5: FHA does not insure mortgages for properties with accessory dwelling units (ADU).
FHA allows homebuyers to purchase properties with an ADU, which allows for inclusion of rental income, thereby increasing the supply of housing in a community. This enables more first-time buyers, seniors, and families to leverage the power of ADUs to enhance the generational wealth building potential of homeownership.
Myth 6: FHA only insures loans for HUD subsidized or affordable housing projects.
FHA insures billions of dollars of commercial loans for market rate multifamily apartments, assisted living facilities, nursing homes, and hospitals across the county. These projects provide much needed housing and care to everyday Americans.

Download the FHA Myth v. Fact PDF