WASHINGTON – Three Texas metros are among the most at risk for Federal Housing Administration (FHA) loan delinquencies.
Houston-The Woodlands-Sugar Land ranked second overall, with 22.2 percent of FHA loans in some form of delinquency (including forbearance) through the end of August.
Of all area FHA loans, 14.3 percent of them are seriously delinquent (90 days or more). There are around 213,300 FHA loans in Houston, making up 19.3 percent of area home loans.
No. 5 Dallas-Plano Irving is also at risk, with 19.2 percent of FHA loans delinquent and 12.2 percent seriously delinquent. There are 144,000 FHA loans in the area (14.8 percent of home loans).
San Antonio-New Braunfels is the eighth-most at-risk metro. Of the 90,200 FHA loans in the area, 19 percent are delinquent and 13.2 percent are seriously delinquent. FHA loans make up 19.3 percent of the area’s loans.
Nationally, 17.4 percent of the 7.98 million FHA loans are delinquent, up from 17 percent in July 2020.
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