Hud Now

COMMERCIAL  FHA  FINANCING

FHA/HUD underwriting loan terms and restrictions are different than conventional loans.  They look at numbers differently and limit loans based on things other than LTV and DSC.  Because of this, you must work with someone who has extensive experience in HUD lending and knows how to process your loan.  Make sure they are active lenders, not approved lenders that only dabble in FHA commercial lending.

 

HUD does not lend money, FHA provides insurance on the loan allowing the lender to sell a security to fund the loan.  So FHA/HUD underwrites and approves the loan, they do not fund it.  Lenders are insured against loss on mortgage defaults.  The programs allow for long term mortgages (35-40 yrs, fully amortized for the length of the loan, no balloons, no change in rate) that can be financed with Government National Mortgage Association (GNMA) mortgage backed securities.  This eligibility for purchase in the secondary mortgage market improves the availability of loan funds and permits more favorable interest rates.

 

MULTIFAMILY RENTAL HOUSING

          LIHTC PILOT PROGRAM

                      FHA Section 223(f)
   

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MULTIFAMILY RENTAL HOUSING

          NEW CONSTRUCTION

SUBSTANTIAL REHABILITATION

  FHA Section 221(d)(4), 221(d)(3) and 220
 

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                HEALTHCARE

   ACQUISITION or REFINANCE

FHA Section 232 pursuant to Section 223(f)
   

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                   HEALTHCARE

       NEW CONSTRUCTION and

SUBSTANTIAL REHABILITATION

                       FHA Section 232
 

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               MANUFACTURED HOME

               PARKS

                   FHA Section 207
 

                             Read more

 

               URBAN RENEWAL

 
                     FHA Section 220
 
 

                             Read more

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