1. Atlanta-Sandy Springs-Alpharetta, GA

• FHA loans issued per capita: 0.00393
• Number of FHA loans issued in 2023: 24,485
• Median interest rate: 6.38%
• Median property value: $335,000
• Median income: $88,000
• Population: 6,222,908

2. Jacksonville, FL

• FHA loans issued per capita: 0.00371
• Number of FHA loans issued in 2023: 6,214
• Median interest rate: 6.25%
• Median property value: $315,000
• Median income: $84,000
• Population: 1,675,668

3. San Antonio-New Braunfels, TX

• FHA loans issued per capita: 0.00369
• Number of FHA loans issued in 2023: 9,789
• Median interest rate: 5.99%
• Median property value: $275,000
• Median income: $86,000
• Population: 2,655,342

4. Phoenix-Mesa-Chandler, AZ

• FHA loans issued per capita: 0.00361
• Number of FHA loans issued in 2023: 18,107
• Median interest rate: 6.25%
• Median property value: $385,000
• Median income: $93,000
• Population: 5,015,678

5. Orlando-Kissimmee-Sanford, FL

• FHA loans issued per capita: 0.00359
• Number of FHA loans issued in 2023: 9,926
• Median interest rate: 6.25%
• Median property value: $365,000
• Median income: $92,000
• Population: 2,764,182

6. Tampa-St. Petersburg-Clearwater, FL

• FHA loans issued per capita: 0.00354
• Number of FHA loans issued in 2023: 11,645
• Median interest rate: 6.37%
• Median property value: $335,000
• Median income: $88,000
• Population: 3,290,730

7. Indianapolis-Carmel-Anderson, IN

• FHA loans issued per capita: 0.00347
• Number of FHA loans issued in 2023: 7,438
• Median interest rate: 6.63%
• Median property value: $255,000
• Median income: $78,000
• Population: 2,142,193

8. Nashville-Davidson-Murfreesboro-Franklin, TN

• FHA loans issued per capita: 0.00344
• Number of FHA loans issued in 2023: 7,036
• Median interest rate: 6.25%
• Median property value: $365,000
• Median income: $91,000
• Population: 2,046,715

9. Las Vegas-Henderson-Paradise, NV

• FHA loans issued per capita: 0.00338
• Number of FHA loans issued in 2023: 7,846
• Median interest rate: 6.25%
• Median property value: $385,000
• Median income: $91,000
• Population: 2,322,985

10. Charlotte-Concord-Gastonia, NC-SC

• FHA loans issued per capita: 0.00312
• Number of FHA loans issued in 2023: 8,586
• Median interest rate: 6.25%
• Median property value: $335,000
• Median income: $86,000
• Population: 2,756,069

Data and Methodology

To find people who are using FHA loans to buy homes at the highest rates, SmartAsset reviewed Home Mortgage Disclosure Act data for 2023. Specifically, the number of originated FHA loans was considered, relative to the size of the local population in the same metro area, according to 2022 Census Bureau data. The median income of associated new homeowners, as well as subject property value and interest rates, were also considered.