Multifamily Accelerated Processing (MAP) and HUD 221(d)(4) Loans
MAP or Multifamily Accelerated Processing, is a system that establishes national standards for approved lenders to prepare, process and submit loan applications for FHA/HUD multifamily construction financing. By using MAP processing, borrowers and lenders can save significant time during the loan application processing. Lenders that are not approved for MAP processing must instead use TAP, or Traditional Application Processing, which can take somewhat more time. Therefore, it can be extremely beneficial for HUD 221(d)(4) borrowers to chose a MAP lender, especially if they want to close in a hurry.
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.