• Heritage Action
  • More

Low Down Payments Typical Among FHA Loans

Created on May 11, 2015

Low Down Payments Typical Among FHA Loans


DOWNLOAD a high-resolution version of this graphic.

Read the original report, "The Federal Housing Administration: What Record of Success?" by John L. Ligon and Norbert J. Michel.

VIEW all graphics for this report.

In 1990, the year Congress passed the National Affordable Housing Act, the share of FHA-insured single-family mortgage loans with down payments of 5 percent or less was 34 percent. By 2000 that figure rose to 85 percent. It dipped during the recession, then rose again, and is currently at 75 percent.

Source: U.S. Department of Housing and Urban Development, Actuarial Review of the Federal Housing Administration Mutual Mortgage Insurance Fund Forward Loans for Fiscal Year 2014, pp. 41–42, November 17, 2014, http://portal.hud.gov/hudportal/documents/huddoc?id=AR2014MMIFwdRpt.pdf (accessed April 15, 2015).

CHART 1 • BG 3006

Tags: FHA, Federal-Housing-Administration, housing-finance