Hispanic Homebuyer Loan Mix by State

Hispanic homebuyers took out 529,740 purchase loans in 2025, and how they financed them depends heavily on where they bought. In Arizona, FHA carried 44.6% of those loans, slightly more than conventional at 44.3%. Texas, the largest market at nearly 109,000 loans, split 44.1% conventional and 42.9% FHA. In Illinois, conventional financed three of every four purchases and FHA fewer than one in five.

The national mix of 55.9% conventional and 33.3% FHA hides that range. A lender that sizes this market from the national average will misjudge the product mix in its own states. In Arizona and Texas, FHA capability, down payment assistance and loan officers fluent in government guidelines carry much of the opportunity. In Illinois and California, competition centers on conventional pricing. North Carolina stands out on VA, at 16.8% against 9.8% nationally.

HMDAVision breaks this mix down by county, MSA, census tract and lender, so a lender can compare its own FHA and conventional share with Hispanic borrowers against the market, a peer group or a specific competitor. Explore purchase lending in HMDAVision.