Nov 22, 2018
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.
Nov 22, 2018
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.