Table of FHA Loans for 1996 through 2008

Rarely used in earlier years when credit was more accessible, the FHA 203(k) program has seen a renewed interest this year. Perhaps in response to the shortage of …

Rarely used in earlier years when credit was more accessible, the FHA 203(k) program has seen a renewed interest this year. Perhaps in response to the shortage of capital available for home equity lines of credit (HELOCs) and other home improvement loans, interest has grown in the FHA’s 203(k) loan program, according to Richard Bradley, credit policy specialist with the U.S. Department of Housing and Urban Development. This year, there has been a 115 percent increase in FHA 203(k) loans. At the present rate, 8,000 FHA 203(k) loans may be made in 2008.

Number of 203(k) Loans Per Fiscal Year

Year

# of Loans

1996

19,555

1997

17626

1998

13656

1999

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11940

2000

11468

2001

8209

2002

6903

2003

4950

2004

4162

2005

2959

2006

2814

2007

3477

2008

2191

Data is current as of March 31, 2008.

 

Looking at an FHA 203(k) loan? Make sure to check out our FHA Appraiser tool.

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