FHA Lending 2025: Top Lenders on a Separate Trajectory

The 2025 data (green shorter line) shows a clear story: the two largest FHA lenders are on a tear. Their impressive growth in the first half of the year, peaking at a combined 11,807 loans in June, isn't just part of a market rebound. They are actively gaining market share and leaving competitors behind. This strong, sustained momentum suggests they have a winning strategy that's giving them a serious edge.

This trend is a leading indicator for the entire housing market. Because FHA loans are a key barometer for demand from first-time homebuyers, this chart shows that the top lenders are successfully capturing the next generation of homeowners. Losing this crucial segment today means losing out on their future move-up, refi, and referral business tomorrow.

Turn this National Data into Local Action

This chart should prompt some urgent questions about your own backyard:

1. Is this same trend happening in your key markets?
2. Who is winning the first-time homebuyer in your most important zip codes?
3. What are they doing right, and what can you learn from them to build your local strategy?

Answering these questions is the first step to competing effectively.