HUD/FHA

All HUD loans provide borrowers with the following benefits:

  • High Leverage
  • Maximum Loan Term
  • Fully Amortizing
  • Non-Recourse
  • Low Debt Service Coverage Ratios
  • Lowest Interest Rates
  • Fully Assumable
  • Maximum LTV/LTC

HUD Loan Programs

  • 223(f) Purchase or Refinance
  • Utilized for the acquisition or refinance of multifamily properties nationwide
  • 35-Year Fully Amortizing Loan Term
  • Loan to Value/Debt Service Coverage Ratio
  • 85% LTV and 1.176 DSCR for Market Rate Projects
  • 87% LTV and 1.15 DSCR for Affordable Projects
  • 90% LTV and 1.11 DSCR for Section 8 Projects
  • 80% for Cash-Out Transactions
  • 221(d)4 New Construction of Rehabilitation
  • Utilized to construct orrehabilitatemultifamily properties nationwide
  • Construction Loan, converting to a 40-Year fully amortizing loan upon completion
  • Loan to Value/Debt Service Coverage Ratio
  • 85% LTV and 1.176 DSCR for Market Rate Projects
  • 87% LTV and 1.15 DSCR for Affordable Projects
  • 90% LTV and 1.11 DSCR for Section 8 Projects
  • 223(a)7 Streamlined Refinance
  • Utilized to reduce the interest rate and extend the loan term on existing HUD-insured properties
  • Loan Term not to exceed the term on the original term or 12 years beyond the remaining term on the existing loan
  • Debt Service Coverage Ratio
  • 1.11 DSCR for Market Rate Projects
  • 1.11 DSCR for Affordable Projects
  • 1.05 DSCR for Section 8 Projects