FEDERAL NATIONAL MORTGAGE
FHA Lending Activity
154
Total Deals
$1.2B
Total Volume
8
FY2025 Deals
$136.4M
FY2025 Volume
Source: HUD FHA Multifamily Production Reports
FHA Deal Activity
159
FHA Endorsements
$7.7M
Avg Deal Size
139
Avg Units
35
States
Individual FHA-insured initial endorsements, FY2001–FY2025
Top 10 Markets: TX (32) · FL (13) · CA (12) · GA (12) · AL (8) · TN (7) · IL (6) · AZ (6) · OH (6) · NY (5)
Programs: Risk Sharing (158) · 223(a)(7) Refi (1)
81% LIHTC · 8% Tax-Exempt Bonds
Source: HUD FHA Multifamily Production Reports
View all 159 FHA deals →Recent FHA Deals
FHA Portfolio
38
Active Loans
$488.1M
Outstanding
4.72%
Recent Avg Rate
20 yr
Avg Term
Rates and balances on FHA-insured loans currently held in portfolio, as of February 2026
Recent FHA Rate Comps
Full Portfolio: 5.2% avg rate · range 3.23%–7.2%
12 loans ($50.9M) maturing by 2031
Top States: FL (7) · NY (4) · IL (4) · TX (3) · NJ (2)
Source: HUD Insured Multifamily Mortgages
Deal History
Annual volume by program source.
Sources: HUD
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