Mortgage Insurance Homes


Helps enable people to purchase a home or refinance an existing mortgage.

General information about this opportunity
Last Known Status
Program Number
Federal Agency/Office
Office of Housing-Federal Housing Commissioner, Department of Housing and Urban Development
Type(s) of Assistance Offered
F - Guaranteed/Insured Loans
Program Accomplishments
Not applicable.
National Housing Act, as amended, Section 203(b), Public Law 73-479, 12 U.S.C. 1709, 1715(b)., Title National Housing, Part II, Section 203, Public Law 73-479, U.S.C. , Statute ,
Who is eligible to apply/benefit from this assistance?
Applicant Eligibility
All legal residents with a valid Social Security Number are eligible to apply. State and local government agencies, HUD approved non-profit organizations and individuals employed by the Work Bank or a foreign embassy are not required to provide a Social Security number.
Beneficiary Eligibility
Documentation regarding the characteristics of the property and the qualifications of the borrower are assembled by the HUD-Approved lending institution and submitted with the application.
What is the process for applying and being award this assistance?
Pre-Application Procedure
Preapplication coordination is not applicable.
Application Procedure
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Application is submitted for review and approval or disapproval through a HUD-approved lending institution.
Award Procedure
Application is submitted for review and approval or disapproval through a HUD approved lending institution.
Not applicable.
Approval/Disapproval Decision Time
Not applicable.
Not applicable.
Not applicable.
How are proposals selected?
Not applicable.
How may assistance be used?
HUD insures lenders against loss on mortgage loans. These loans may be used to finance the purchase of proposed, under construction, or existing one-to- four-family housing, as well as to refinance indebtedness on existing housing.
What are the requirements after being awarded this opportunity?
Not applicable.
Not applicable.
Lenders are required to service and maintain records in accordance with acceptable mortgage practices of prudent lending institutions and the FHA regulations.
Other Assistance Considerations
Formula and Matching Requirements
Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing.
Length and Time Phasing of Assistance
The mortgage term may extend for 30 years. Method of awarding/releasing assistance: Lump.
Who do I contact about this opportunity?
Regional or Local Office
For additional information, individuals are encouraged to contact the FHA Resource Center by phone at 1-800-CALLFHA (1-800-225-5342), by email at or visit the FHA Resource Center site at
Headquarters Office
Kevin Stevens
451 7th Street, SW
Washington, DC 20410 US
Phone: (800) 225-5342
Website Address
Financial Information
Account Identification
(Guaranteed/Insured Loans) FY 22$255,613,001.00; FY 23 est $195,799,000.00; FY 24 est $225,000,000.00; FY 21$344,463,794,169.00; FY 20$310,325,010,903.00; FY 19$196,000,000,000.00; FY 18$209,049,612,807.00; -
Range and Average of Financial Assistance
Average mortgage amount is approximately $200,000. There is no minimum mortgage amount. The maximum insurable loans are as follows: In areas where 115 percent of the median house price is less than 65 percent of the National Conforming Loan Limit ($510,400 for CY 2020), FHA "floor" limits are set at the 65 percent limit as follows: one-family $331,760; two-family $424,800; three-family $513,450; and four-family $638,100. Any area where the limits exceed the floor is known as a "high cost" area. In areas where 115 percent of the median house price exceeds 150 percent of the National Conforming Loan Limit for a one unit property, the mortgage limits are set at the 150 percent amount (ceiling)as follows: one-unit $765,600; two-unit $980,325; three-unit $1,184,925; and four-unit $1,472,550. The National Conforming loan Limit and corresponding FHA loan limits are adjusted annually based upon changes to median house prices.
Regulations, Guidelines and Literature
24 CFR Section 203. HUD Handbook 4000.1
Examples of Funded Projects
Not applicable.


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