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FHA purchase loans to non-permanent residents plunge after HUD change

Intercontinental Exchange data cited by HousingWire shows the group’s FHA purchase-loan share fell from 5.8% to 0.1% after the policy took effect May 25, 2025.

Reported · Written up by our desk · Mortgages

The U.S. Department of Housing and Urban Development ended FHA mortgage eligibility for non-permanent residents effective May 25, 2025, according to HousingWire.

HousingWire reports that Intercontinental Exchange data shows the share of FHA purchase loans to this group dropped from 5.8% to 0.1% after the change.

Before the new rules took effect, ICE data showed non-permanent residents accounted for about 5.8% of FHA purchase originations and 5.6% of purchase mortgages across the broader market.

After the policy changes, HousingWire says their share of FHA purchase loans fell to about 0.1%, while their share of purchase mortgages across all loan types declined by 2.2 percentage points to 3.4%.

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