In 1990, the year Congress passed the National Affordable Housing Act, the share of FHA-insured single-family mortgage loans with down payments of 5 percent or less was 34 percent. By 2000 that figure rose to 85 percent. It dipped during the recession, then rose again, and is currently at 75 percent.
In 1990, the year Congress passed the National Affordable Housing Act, the share of FHA-insured single-family mortgage loans with down payments of 5 percent or less was 34 percent. By 2000 that figure rose to 85 percent. It dipped during the recession, then rose again, and is currently at 75 percent.