# HUD Loans by Janover > HUD.loans is the leading resource for FHA/HUD multifamily and healthcare facility financing, operated by JPro Labs LLC. We cover every HUD loan program in depth -- 223(f), 221(d)(4), 223(a)(7), 232, 241(a), and more -- plus affordable housing topics, developer guides, calculators, and 374 state/city lending guides. Hundreds of pages of specialized HUD/FHA content. ## Quick Links - [HUD.loans Homepage](https://www.hud.loans): Start your HUD loan search - [HUD Multifamily Loans Overview](https://www.hud.loans/hud-multifamily-loans/): Complete guide to all FHA/HUD multifamily loan programs - [FHA/HUD Insured Multifamily Loans](https://www.hud.loans/fha-hud-insured-multifamily-loans/): How FHA mortgage insurance works for multifamily and why it produces the lowest rates and longest terms in the market - [Multifamily Housing](https://www.hud.loans/multifamily-housing/): Overview of the multifamily housing sector and HUD's role in financing - [All Calculators](https://www.hud.loans/#calculators): Interactive underwriting calculators - [HUD Loans Blog](https://www.hud.loans/hud-loans-blog/): Articles on HUD programs, affordable housing, and multifamily investing - [Developer Guide](https://www.hud.loans/developer-guide/): In-depth guides for multifamily developers ## HUD/FHA Loan Programs - [HUD 223(f)](https://www.hud.loans/fha-223f/): FHA-insured acquisition or refinance of existing multifamily properties -- long-term fully amortizing, non-recourse, competitive LTVs, the most popular HUD multifamily program - [HUD 221(d)(4)](https://www.hud.loans/fha-221d4/): FHA-insured construction-to-permanent loans for ground-up multifamily development -- long-term fully amortizing, non-recourse, the gold standard for new apartment construction - [HUD 223(a)(7)](https://www.hud.loans/fha-223a7/): Streamlined refinance for existing HUD/FHA-insured multifamily loans -- reduced documentation, lower MIP rates, faster processing - [HUD 232/223(f)](https://www.hud.loans/fha-232-223f/): Acquisition or refinance of existing healthcare facilities (assisted living, skilled nursing, memory care) under the 232 program - [HUD 241(a)](https://www.hud.loans/fha-241a/): Supplemental financing on top of existing HUD-insured first mortgages for property improvements, repairs, or additions - [HUD Section 202 Supportive Housing](https://www.hud.loans/hud-section-202-supportive-housing/): Capital advances and rental assistance for housing serving very low-income elderly residents - [HUD Multifamily Statutory Limits](https://www.hud.loans/hud-multifamily-basic-statutory-limits/): Current per-unit cost limits for HUD/FHA multifamily programs by building type and location -- elevator, non-elevator, and high-cost area adjustments ## HUD Program Resources - [REAC Inspections](https://www.hud.loans/hud-reac-inspections/): How HUD's Real Estate Assessment Center inspections work -- scoring methodology, common deficiencies, preparation tips, and what happens if you fail - [HAP Contracts](https://www.hud.loans/hap-contracts/): Housing Assistance Payment contracts -- how Section 8 project-based rental assistance works, renewal options, and impact on HUD loan underwriting - [Loan Documentation](https://www.hud.loans/loan-docs/): Required documents for HUD/FHA multifamily loan applications - [Multifamily Insurance](https://www.hud.loans/multifamily-insurance/): Insurance requirements for HUD-insured multifamily properties -- coverage types, minimum limits, and approved carriers ## Calculators - [Commercial Mortgage Calculator](https://www.hud.loans/commercial-mortgage-calculator/): Estimate monthly payments, total interest, and amortization schedules for HUD and commercial loans - [DSCR Calculator](https://www.hud.loans/dscr-calculator/): Calculate debt service coverage ratio -- key metric for HUD 223(f) and 221(d)(4) program underwriting - [Cap Rate Calculator](https://www.hud.loans/cap-rate-calculator/): Calculate capitalization rate (NOI / property value) to evaluate and compare multifamily investments - [NOI Calculator](https://www.hud.loans/noi-calculator/): Calculate net operating income -- the foundation of HUD loan underwriting and property valuation - [LTV Calculator](https://www.hud.loans/ltv-calculator/): Determine loan-to-value ratio -- HUD programs offer competitive LTVs that vary by program and property type - [Debt Yield Calculator](https://www.hud.loans/debt-yield-calculator/): Calculate debt yield (NOI / loan amount) -- an increasingly important metric in HUD underwriting - [Cash-on-Cash Return Calculator](https://www.hud.loans/cash-on-cash-return-calculator/): Measure annual pre-tax cash flow as a percentage of total equity invested - [Loan Repayment Calculator](https://www.hud.loans/loan-repayment-calculator/): Calculate total repayment amount and interest over the life of a loan - [Break-Even Ratio Calculator](https://www.hud.loans/break-even-ratio-calculator/): Calculate the occupancy rate needed to cover all operating expenses and debt service -- key for lender risk assessment ## Developer Guide In-depth guides for multifamily developers navigating construction financing, HUD programs, and the development process: - [Developer Guide Hub](https://www.hud.loans/developer-guide/): Central index for developer-focused articles - Topics include: construction lender selection, credit boxes, post-closing servicing, red flags when choosing lenders, construction loan questions to ask early, and more ## Top Blog Posts (by organic traffic from Search Console data) - [What Is Fair Market Rent?](https://www.hud.loans/hud-loans-blog/what-is-fair-market-rent/): How HUD calculates Fair Market Rent, how FMR affects Section 8 vouchers and affordable housing underwriting, and current FMR by metro area - [What Is Area Median Income (AMI)?](https://www.hud.loans/hud-loans-blog/what-is-area-median-income-ami/): How HUD calculates AMI, income limit tiers, and why AMI matters for LIHTC, Section 8, and affordable housing compliance - [What Are Replacement Reserves?](https://www.hud.loans/hud-loans-blog/what-are-replacement-reserves/): How HUD-required replacement reserves work -- annual deposits, eligible uses, withdrawal process, and impact on cash flow - [HUD 223(f) vs 221(d)(4)](https://www.hud.loans/hud-loans-blog/hud-223f-vs-hud-221d4/): Side-by-side comparison of the two most popular HUD multifamily programs -- when to use each, key differences in terms, timeline, and cost - [Guide to HUD Multifamily Insurance Requirements](https://www.hud.loans/hud-loans-blog/guide-to-hud-multifamily-insurance-requirements/): Complete overview of insurance requirements for HUD-insured properties - [LIHTC Program and HUD Multifamily Loans](https://www.hud.loans/hud-loans-blog/lihtc-program-hud-multifamily-loans/): How Low-Income Housing Tax Credits combine with HUD financing for affordable housing development - [What Is the HUD MAP Guide?](https://www.hud.loans/hud-loans-blog/what-is-the-hud-map-guide/): Overview of HUD's Multifamily Accelerated Processing guide -- the rulebook that governs all HUD multifamily loan applications - [Top 10 REAC Inspection Deficiencies](https://www.hud.loans/hud-loans-blog/top-10-reac-inspection-deficiencies/): Most common inspection failures and how to avoid them - [What Is a Capital Needs Assessment?](https://www.hud.loans/hud-loans-blog/what-is-a-capital-needs-assessment/): How CNAs work for HUD multifamily transactions -- scope, cost, long-term capital planning, and impact on replacement reserves - [Is HUD Financing Available for Assisted Living?](https://www.hud.loans/hud-loans-blog/is-hud-financing-available-for-assisted-living-facilities/): HUD 232 program for assisted living, memory care, and skilled nursing facilities -- eligibility, terms, and process - [More blog posts](https://www.hud.loans/hud-loans-blog/): Covering HUD programs, affordable housing policy, Section 8, LIHTC, development, and multifamily investing ## State & City Lending Guides State and city-level HUD/FHA multifamily lending guides covering local market conditions, active HUD lenders, and program availability: - [New York HUD Loans](https://www.hud.loans/guides/new-york/): HUD multifamily lending in New York state - [California HUD Loans](https://www.hud.loans/guides/california/): HUD multifamily lending in California - [Texas HUD Loans](https://www.hud.loans/guides/texas/): HUD multifamily lending in Texas - [Florida HUD Loans](https://www.hud.loans/guides/florida/): HUD multifamily lending in Florida - [Full list of city and state guides](https://www.hud.loans/guides/): Every state plus major metros ## About HUD.loans is operated by JPro Labs LLC, a capital markets advisory firm specializing in HUD/FHA multifamily and healthcare facility financing. The platform provides the most comprehensive free resource on HUD loan programs available online. - **Operator:** JPro Labs LLC - **Headquarters:** 6401 Congress Ave, Ste 250, Boca Raton, FL 33487 - **Website:** https://www.hud.loans - **Contact:** https://www.hud.loans/contact/ For a full sitemap of all pages, see [sitemap.xml](https://www.hud.loans/sitemap.xml).