Facts are technically correct but framed in a way that likely leads to a wrong impression. Learn more in Methodology.
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Available HUD data show that the statement, as phrased, does not accurately describe the scale of FHA-insured mortgage activity. HUD’s own November 2025 release states that, since January 2025, FHA insured mortgages for “more than 700,000” homebuyers and refinance borrowers, while the “more than one million Americans” figure applies to the combined impact of FHA and Ginnie Mae (which supported over 430,000 VA loans), not FHA alone. In other words, about 700,000 borrowers were directly served via FHA insurance, and the larger “more than one million” number is only reached when counting additional Ginnie Mae/VA activity. The checked claim attributes the full 1 million-plus directly to FHA-insured mortgages, which overstates FHA’s standalone contribution and conflates FHA with Ginnie Mae, making the claim misleading rather than strictly true. Verdict: Misleading, because HUD’s own figures show FHA-insured mortgages alone served about 700,000 borrowers in 2025, and the “more than 1 million Americans” figure only applies when Ginnie Mae’s separate VA-backed lending is included.