Average FHA denial across 11 major lenders fell from 35.0% in 2018 to 27.1% in 2025, after peaking at 31.1% in 2022 during the rate shock, per FinanceRateCalc analysis of CFPB HMDA loan-level records (310,592 FHA applications, 2018-2025).
Source: CFPB HMDA 2025 (1,217,297 decisioned FHA applications), processed by FinanceRateCalc · methodology · all statistics