HUD Backed Multifamily Loans
HUD/FHA Multifamily Loans are underwritten, approved, and guaranteed by the Department of Housing and Urban Development (HUD) which does not provide the financing. This is done by HUD approved lenders. Qualified property types include Apartment buildings, Senior Housing (62-year-old plus), Intermediate Care, and Assisted Living Facilities. HUD Multifamily Loans have the longest fixed rate terms of 35 to 40 years, the highest LTV’s, and lowest fixed rates.
Advantages of HUD Multifamily Loans
Property Types: Multifamily, Mixed-Use, Senior Housing, Healthcare Properties
| *Highest LTV at 80 – 90% | *1.176 DSCR Market Rents |
| *Cash Our for Any Reason | *1.15 DSCR Affordable Rents |
| *Unlimited Loan Size | *Same Rate Construction Roll over to Perm |
| *35 Year Fixed Rates | *No Global or Debt to Income Ratio |
| *40 Year Fixed Rate New Construction | *Assumable |
| *No Tax Returns Required | *Non-Recourse |
| *Supplemental Financing Available | *Lowest Long Term Fixed Rates. |
| *35 Year Amortization Existing Property | *40 Year Amortization New Construction. |
*Rate can be Lowered in the Future with a Loan Modification
For much more information and all the details please see HUD Multifamily Loans the Complete Guide
Go here for our HUD Loan Rates