HUD Multi-Family Quick Guidelines
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HUD 221(f)
New construction or substantial rehab for market rate and affordable apartments nationwide.
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40 year fixed rate non-recourse, one closing, assumable. Allows 10% builder's profit. 83-90% loan replacement cost.
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HUD 221(d)(3)
New construction or substantial rehab for non-profit borrowers
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40 year fixed rate, non-recourse, one closing, assumable. Allow 10% builders profit credit. 95% loan to replacement cost.
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HUD 223(f) - Acquisition
Acquisition and moderate renovation of multifamily projects nationwide.
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35 year fixed rate, non-recourse, assumable. Allows 7.5% second mortgage 83.30% - 90% LTV.
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HUD 223(f) Refinance
Refinance and Moderate Renovation of multifamily projects nationwide.
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35 year fixed rate, non-recourse, assumable, cash out to 80%, rate and term 83-90%.
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HUD a7 (Existing HUD Loans)
Financing to existing apartment HUD loans
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Refinance up to 12 years beyond remaining term, Maximum term is 35 years, No cash out, non-recourse.
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Multifamily - New Construction or substantial rehab for market rate and affordable apartments nationwide
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