<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
RYLAND ACCEPTANCE CORPORATION FOUR FORM 10Q FOR THE PERIOD ENDED 9/30/95
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                              24
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 474,632
<CURRENT-LIABILITIES>                                0
<BONDS>                                        459,184
<COMMON>                                            10
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                           7
<TOTAL-LIABILITY-AND-EQUITY>                   474,632
<SALES>                                              0
<TOTAL-REVENUES>                                33,974
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                    85
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              33,878
<INCOME-PRETAX>                                     11
<INCOME-TAX>                                         4
<INCOME-CONTINUING>                                  7
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                         7
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0