Questions? Feedback? powered by Olark live chat software

What Are the Benefits of the HUD 223(f) Program?

Exploring the Benefits of Using HUD 223(f) Loans

In general, the HUD 223(f) program is misunderstood. Although FHA 223(f) loans are thought by some people to be only for low-income housing, nonprofits, and affordable housing projects, they aren’t. Consequently, many market-rate borrowers miss out on one of the multifamily industry's most affordable, highest-leverage financing tools.

While it may be true that HUD 223(f)-insured loans take longer to originate, that's not too much longer than some other products. For instance, HUD 223(f) only take about 60 days longer to close than the average Freddie Mac multifamily loan or Fannie Mae D.U.S. multifamily mortgage.

Also, in general, the HUD 223(f) program offers longer terms and longer amortization at a lower interest rate than CMBS loans, Fannie Mae, Freddie Mac, and life company multifamily loans.

To learn more about HUD multifamily loans, simply fill out the form below and a HUD lending expert will get in touch.