Report: FHA insured 876k mortgages in 2025
January 06, 2026 / By ICBA
The Federal Housing Administration reported it insured 876,502 mortgages in 2025, representing $274.76 billion in original unpaid principal balance.
Details: In its annual report to Congress, the FHA said that as of Sept. 30:
The Mutual Mortgage Insurance Fund had an overall capital ratio of 11.47%, more than five times the congressionally mandated 2.0%.
FHA had active insurance on 8.1 million single family forward mortgages with a total unpaid principal balance of more than $1.6 trillion, and more than 681,000 reverse mortgages with a maximum claim amount of over $64.3 billion.
The share of first-time homebuyers using FHA insurance reached more than 83% of total FHA forward mortgage purchase endorsements in FY 2025.
FHA’s forward mortgage portfolio had a stand-alone capital ratio of 10.95%, a 0.07% increase from 2024.
The Home Equity Conversion Mortgage reverse mortgage portfolio achieved a 24.06% capital ratio, a 0.44% decrease from 2024.
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
