FHA Multifamily Loans

What are Fixed Rate Mortgages?

What are Fixed Rate Mortgages?

Fixed-rate mortgages are real estate loans which require monthly payments at a fixed interest rate. All HUD multifamily loans, including HUD 221(d)(4) loans and HUD 223(f) loans, are fixed-rate mortgages. In contrast, HUD-insured loans for single-family loans are typically offered in both fixed and adjustable-rate options.

What are FHA-Insured Loans?

What are FHA-Insured Loans?

FHA mortgage insurance protects lenders against loan default and allows them to bear less risk. If a borrower defaults on a loan, the FHA pays claims based on requirements established by FHA.

What is FHA Mortgage Insurance?

What is FHA Mortgage Insurance?

FHA mortgage insurance protects lenders against loan default and allows them to bear less risk. If a borrower defaults on a loan, the FHA pays claims based on requirements established by FHA.

What is the FHA (Federal Housing Administration)?

What is the FHA (Federal Housing Administration)?

Created in 1934 by the National Housing Act, the FHA was set up to promote home construction and reduce unemployment. The FHA also operates a variety of loan insurance programs, like the FHA 221(d)(4) program that this website focuses on. Although the FHA insures lenders, it makes no loans and builds no properties.