By Ziya Y. · 23 Years Banking · FRC Denial Code Intelligence
Bankruptcy, judgments, tax liens, or collections on your credit report.
Timing matters. FHA requires: Chapter 7 bankruptcy — 2 years discharged. Chapter 13 — 1 year of payments. Collections: depends on type and amount. Some lenders add stricter waiting periods (overlay).
🔍 Also explore: All FRC Tools · Lender Comparison · FHA by State · Lender Stress Index
Prices and rates are widely reported. Whether a lender says yes is not. In the complete 2025 federal record, denial rates across the 100 largest FHA lenders ran from 1.8% to 78.7% — same programme, same year.
And it is not simply who applies where: standardizing on state, loan amount, income, debt-to-income and loan-to-value, applicant mix explains only a 2.7× range in expected outcomes.
CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published per market, not all lenders. Historical observations, not predictions. CC BY 4.0, not independently reproduced.