As of October, the 2021 YTD FHA loan production totaled 1,183,670 loans, both purchase and refinance. The resulting loan volume was $284.9 Billion. The purchase loan production as of October 2021YTD was 69,875, 12% lower y-o-y, the lowest October purchase loan production since 2015, but higher than the October FHA loan production in 2010 through 2014 (see Chart 1 below).
Chart 1: FHA Purchase October Loan Production (2010-2021)

Average Loan Size for FHA Purchase Mortgages
Nationally, the average loan size of FHA Purchase Mortgage increased 46% from $178,522 in October 2010 to $261,213 in October 2021 (see Chart 2 below).Chart: Average FHA Purchase Loan Size

The top 3 states by FHA Purchase Loan Production, TX, FL, and CA, saw sharper increases in the average FHA purchase loan size.
- In FL, the average FHA purchase loan size increased by 81%, from $148,840 in October 2010 to $269,203 in October 2021.
- In CA, this increase was 66%, or $170,561, from $256,522 in October 2010 to $427, 083 in October 2021.
- And in TX, the average FHA purchase loan size increased by 69%, or $99,794, from $144,388 in October 2010 to $244,182 in October 2021.
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