- Home
- Agencies
- Department of Agriculture
- Department of Housing and Urban Development
- General Services Administration
- Department of Commerce
- Department of the Interior
- National Aeronautics and Space Administration
- Department of Defense
- Department of Justice
- National Science Foundation
- Department of Education
- Department of Labor
- Office of Personnel Management
- Department of Energy
- Department of State
- Small Business Administration
- Environmental Protection Agency
- Department of Transportation
- Social Security Administration
- Department of Health and Human Services
- Department of the Treasury
- U.S. Agency for International Development
- Department of Homeland Security
- Department of Veterans Affairs
- Goals
- Initiatives
- Programs
Primary tabs
Key to Changes
This text is Revised text
This word has been added to the text
This text is Last Published text
This word has been removed from the text
Modifed styling with no visual changes
Strategic Objective
Promote access to sustainable housing financing and achieve a more balanced housing market, particularly in under-served communities.
Strategic Objective
Overview
Creditworthy borrowers continue to have difficulty accessing affordable mortgage financing. Homeowners with seriously delinquent and underwater loans find it difficult to sell or refinance their homes. For home-buyers, tight underwriting standards (some FHA lenders impose additional requirements above those required by FHA) and high down payment requirements make it difficult to obtain a loan. These challenges have disproportionately affected first-time, minority, and low-to-moderate income home-buyers and homeowners. HUD will work to ensure that these under-served groups have the ability to access financing.
Read Less...Progress Update
FHA made great progress to ensure access to sustainable housing financing for underserved borrowers in FY 2015. Among other achievements, major sections of the new FHA Single Family Policy Handbook became effective in FY 2015 and the Supplemental Performance Metric was implemented, providing clearer guidance to lenders and providing a more comprehensive assessment of lender performance.
