"This closing represents the best of what FHA-insured hospital financing can do to make vital capital available in areas that are in great need of new or enhanced acute care hospital access," said Federal Housing CommissionerFrankCassidy.
The FHA renovation loan carries lots of promise, but the Department of Housing and Urban Development (HUD) needs to modernize this mortgage to make it workable for homebuyers seeking to buy and renovate a house.".
... originated in 2015 that number had dropped to only 3,666 loans by 2024.8 Regular FHA lending has not experienced this decline.9 Today only 0.5 percent of originated FHA loans are FHA 203(k) loans.
FHA supported a pathway to homeownership for more than 876,000Americans in FY 2025 while maintaining solid financial performance of the MMI Fund and eliminating significant bureaucratic red tape in its SingleFamily programs.