Spending · subcategory
Mortgage credit
Part of Commerce & housing credit. FY2025 net outlays: −$40.7B. The largest program is Rural Housing Insurance Fund Program Account ($1.98B).
−$40.7B
FY2025 net outlays
n/a
of Commerce & housing credit
n/a
change from FY2024 (−$32.7B)
7
programs (accounts) with FY2025 spending
Every program
7 accounts with FY2025 spending in Mortgage credit, largest first. Hover or tap a bar for details.
Mandatory (set by standing law)Discretionary (set by yearly appropriations)
How the total adds up
| Programs (the 7 accounts above) | $4.71B |
| Offsets: premiums, fees, loan repayments, and other collections (19 accounts) | −$45.4B |
| Net outlays, matching OMB Historical Table 3.2 | −$40.7B |
The largest offsets
| FHA-Mutual Mortgage Insurance Capital Reserve Account Housing Programs | −$32.1B |
| GSE Fees Pursuant to P.L. 112-78 Sec. 401 Department of the Treasury | −$6.40B |
| Guarantees of Mortgage-backed Securities Capital Reserve Account Government National Mortgage Association | −$4.34B |
| FHA-General and Special Risk, Downward Reestimates of Subsidies Department of Housing and Urban Development | −$1.53B |
| FHA-General and Special Risk, Negative Subsidies Department of Housing and Urban Development | −$339M |
| Rural Housing Insurance Fund Liquidating Account Rural Housing Service | −$269M |
| Rural Housing Insurance, Downward Reestimates of Subsidies Department of Agriculture | −$218M |
| Housing for the Elderly or Handicapped Fund Liquidating Account Housing Programs | −$60M |
| Rural Housing Insurance, Negative Subsidies Department of Agriculture | −$47M |
| FHA-General and Special Risk Insurance Funds Liquidating Account Housing Programs | −$47M |
| Indian Housing Loan Guarantees, Downward Reestimates of Subsidies Department of Housing and Urban Development | −$12M |
| Guarantees of Mortgage-backed Securities Liquidating Account Government National Mortgage Association | −$6M |
All programs, sortable
Sparklines show each program in 2025 dollars, FY2000–2025.
| Program | Type | FY2024 | FY2025 | Change | FY2000–2025 |
|---|---|---|---|---|---|
| Rural Housing Insurance Fund Program Account Rural Housing Service | Mandatory | $1.01B | $1.98B | +95% | |
| FHA-Mutual Mortgage Insurance Program Account Housing Programs | Mandatory | $4.32B | $1.64B | −62% | |
| FHA-General and Special Risk Program Account Housing Programs | Mandatory | $546M | $394M | −28% | |
| Federal Housing Finance Agency, Administrative Expenses Federal Housing Finance Agency | Mandatory | $375M | $377M | +0.5% | |
| Guarantees of Mortgage-backed Securities Loan Guarantee Program Account Government National Mortgage Association | Mandatory | $1.08B | $311M | −71% | |
| Indian Housing Loan Guarantee Fund Program Account Public and Indian Housing Programs | Discretionary | $21M | $5M | −76% | |
| GSE Mortgage-backed Securities Purchase Program Account Departmental Offices | Mandatory | $1M | $3M | +200% |
Mortgage credit since 1993
Net outlays in 2025 dollars, fiscal years 1993–2025.