Tap to get financing
HUD 221(d)(4) Loans
Information
Loan Facts Terms, Qualifications & GuidelinesInterest RateTerm SheetHUD Multifamily LoansStatutory LimitProcessRefinanceHUD Multifamily Construction Loans
Application
Application ProcessChecklist
Resources
HUD 221(d)(4) FAQsGlossaryMultifamily Insurance
Developers
General Contractor RequirementsDeveloper Requirements & Fees3rd Party Reports & GuidelinesAppraisal ProcessMarket StudyArchitectural and Engineering ReportsDavis Bacon WagesEnvironmental Assessments
Forms
Typical Loan TimetableDetailed Operating Statement & Underwriting AnalysisEstimate of Replacement & Construction Costs
For Brokers
About
About HUD 221(d)(4) LoanContact usLeadership
(561) 556-4747
Get financing →
Newly Published
Dec 20 at HUD 221(d)(4) Loans
What Is DSCR (Debt Service Coverage Ratio)?
Jun 14 at HUD 221(d)(4) Loans
What is Underwriting?
Jun 14 at HUD 221(d)(4) Loans
What are the Benefits of Non-Recourse Loans?
Explore the Janover Network
May 8 at HUD Loans
The 2025 Developer's Guide to HUD Lender Matching
Apr 22 at Janover Inc. Investor Relations
Janover Inc. Announces Corporate Name Change to DeFi Development Corporation
Apr 16 at Janover Inc. Investor Relations
Janover Inc. to Host X Spaces Conversation on NAV Premiums
Was This Article Helpful?
HUD & FHA Glossary
1 min read

What is a HUD-Approved Lender?

A HUD-approved lender is a lender which has been approved by HUD to offer HUD 221(d)(4) and other FHA-insured home loans. Not every lender is HUD approved to make these loans.

Start Your Application and Unlock the Power of Choice Experience expert guidance, competitive options, and unparalleled industry expertise.
Click Here to Get Quotes →
$5.6M offered by a Bank$1.2M offered by a Bank$2M offered by an Agency$1.4M offered by a Credit UnionClick Here to Get Quotes!

HUD-Approved Lenders and the HUD 221(d)(4) Loan Program

A HUD-approved lender is a lender which has been approved by HUD to offer HUD 221(d)(4) and other FHA-insured home loans. Not every lender is HUD approved to make these loans. In order to be approved to make HUD multifamily loans, lenders must meet certain guidelines, including having a certain net worth, having a sufficient amount of errors and omissions insurance, and sending all of their underwriters to be specially trained in the HUD multifamily underwriting process.

Some HUD multifamily lenders are also approved for MAP, or Multifamily Accelerated Processing. This is a streamlined loan application process that reduces the amount of paperwork needed and the time it takes to close a loan. Lenders who are not MAP-approved must submit their clients’ loan applications through TAP, or Traditional Application Processing.

To learn more about HUD multifamily construction loans like the HUD 221(d)(4) loan, fill out the form below and a HUD lending expert will get in touch. 

Related Questions

What is a HUD-approved lender?

A HUD-approved lender is a lender which can offer HUD-insured financing. In order to issue HUD loans, particularly HUD multifamily loans, a lender must meet several requirements. These include having a specific net worth and a specific amount of liquidity, having a clean legal and financial record, and having a sufficient amount of errors and omissions (E&O) insurance. HUD-approved lenders must also send all of their underwriters to an in-person training session with HUD.

HUD-Approved Lenders in Relation to HUD 232 Loans A HUD-Approved lender is one which can offer HUD 232 senior financing and other HUD-insured loans. HUD-Approvals come in three categories; supervised lenders, non-supervised lenders, and loan correspondents. While supervised and non-supervised lenders can originate, service, and hold HUD-backed loans, loan correspondents are brokers that can only originate the loans.

What are the requirements for becoming a HUD-approved lender?

In order to become a HUD-approved lender, a lender must meet several requirements. These include having a specific net worth and a specific amount of liquidity, having a clean legal and financial record, and having a sufficient amount of errors and omissions (E&O) insurance. HUD-approved lenders must also send all of their underwriters to an in-person training session with HUD. Additionally, they must have employees with a certain amount of experience in the mortgage industry.

Sources:

  • What is a HUD-Approved Lender?
  • HUD-Approved Lenders and the HUD 223(f) Loan Program

What are the benefits of being a HUD-approved lender?

Being a HUD-approved lender has several benefits. HUD-approved lenders are able to offer HUD-insured financing, such as HUD multifamily loans, to borrowers. This allows them to provide financing to borrowers who may not qualify for traditional financing. Additionally, HUD-approved lenders are able to offer more competitive rates and terms than other lenders, as they are backed by the government. Finally, HUD-approved lenders are able to access additional resources and support from HUD, such as in-person training sessions and access to HUD-approved underwriters.

Sources:

  • What is a HUD-Approved Lender?
  • HUD-Approved Lenders and the HUD 223(f) Loan Program

What types of loans can a HUD-approved lender provide?

A HUD-approved lender can provide HUD 232 senior financing and other HUD-insured loans, as well as HUD multifamily financing. Supervised and non-supervised lenders can originate, service, and hold HUD-backed loans, while loan correspondents are brokers that can only originate the loans. HUD 232 Loans and HUD multifamily financing are two of the loan products that HUD-approved lenders can provide.

How does a lender become HUD-approved?

In order to become a HUD-approved lender, a lender must meet several requirements. These include having a specific net worth and a specific amount of liquidity, having a clean legal and financial record, and having a sufficient amount of errors and omissions (E&O) insurance. HUD-approved lenders must also send all of their underwriters to an in-person training session with HUD.

For more information, please see What is a HUD-Approved Lender? and HUD-Approved Lenders and the HUD 223(f) Loan Program.

What is the difference between a HUD-approved lender and a non-HUD-approved lender?

A HUD-approved lender is one which can offer HUD 232 senior financing and other HUD-insured loans. HUD-Approvals come in three categories; supervised lenders, non-supervised lenders, and loan correspondents. While supervised and non-supervised lenders can originate, service, and hold HUD-backed loans, loan correspondents are brokers that can only originate the loans.

In order to issue HUD loans, particularly HUD multifamily loans, a lender must meet several requirements. These include having a specific net worth and a specific amount of liquidity, having a clean legal and financial record, and having a sufficient amount of errors and omissions (E&O) insurance. HUD-approved lenders must also send all of their underwriters to an in-person training session with HUD.

The difference between a HUD-approved lender and a non-HUD-approved lender is that a HUD-approved lender has met the requirements to issue HUD loans, while a non-HUD-approved lender has not.

In this article:
  1. HUD-Approved Lenders and the HUD 221(d)(4) Loan Program
  2. Related Questions
  3. Get Financing
Categories
  • HUD 221(d)(4) Loan
  • HUD 221(d)(4) Loans
Tags
  • HUD 221(d)(4) Loan
  • HUD 221(d)(4) Loans
  • HUD 221d4
  • HUD Multifamily Construction Loans
  • HUD-Approved Lenders

Getting commercial property financing should be easy.⁠ Now it is.

Click below for a free, no obligation quote and to learn more about your loan options.

Get financing →

Janover: Your Partner in Growth

At Janover, we offer a wide range of services tailored to your unique needs. From commercial property loans and LP management to business loans and services for lenders, we're here to help you succeed.

Learn more about Janover →
Commercial Property Loans

Get the best CRE financing on the market.

Explore Financing Options →
LP Management

Syndicate deals on autopilot with Janover Connect.

Discover LP Management →
Business Loans

Match with the right kind of loan, in record time.

Find Business Loans →
For Lenders

Supercharge your loan pipeline. Unlock more deals.

Boost Your Loan Pipeline →
HUD 221(d)(4) Loans

HUD 221(d)(4) Loans is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Commercial Real Estate Loans, SBA7a Loans, HUD Loans, Janover Insurance, Janover Pro, Janover Connect, and Janover Engage.

Janover Tech Inc.

6401 Congress Ave
Ste 250
Boca Raton FL 33487
(561) 556-4747 
[email protected]

Site Information

Privacy Policy
Terms of Use


For Commercial Mortgage Brokers

This website is owned by a company that offers business advice, information and other services related to multifamily, commercial real estate, and business financing. We have no affiliation with any government agency and are not a lender. We are a technology company that uses software and experience to bring lenders and borrowers together. By using this website, you agree to our use of cookies, our Terms of Use and our Privacy Policy. We use cookies to provide you with a great experience and to help our website run effectively.

Freddie Mac® and Optigo® are registered trademarks of Freddie Mac. Fannie Mae® is a registered trademark of Fannie Mae. We are not affiliated with the Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), Freddie Mac or Fannie Mae.

This website utilizes artificial intelligence technologies to auto-generate responses, which have limitations in accuracy and appropriateness. Users should not rely upon AI-generated content for definitive advice and instead should confirm facts or consult professionals regarding any personal, legal, financial or other matters. The website owner is not responsible for damages allegedly arising from use of this website's AI.

Copyright © 2025 Janover Tech Inc. All rights reserved.

+

Fill out the form below and get the pricing and terms banks can't compete with.