Where do I find a HUD Multifamily Center?
If you're interested in getting a HUD 221(d)(4) loan, you'll likely have to do a lot of communication with your local HUD multifamily center. While your lender may do much of the coordination and communication with you (and/or for you), it may still important to for you to reach out your local HUD multifamily center with questions or concerns about the HUD multifamily construction loan process.
HUD Multifamily Center Locations
If you're interested in getting a HUD 221(d)(4) loan, you'll likely have to do a lot of communication with your local HUD multifamily center. While your lender may do much of the coordination and communication for you, it may still be important for you to reach out your local HUD multifamily center with questions or concerns about the HUD multifamily construction loan process.
The following information about HUD multifamily center locations has been taken from the HUD website:
Southwest:
Midwest:
Southeast:
Northeast
West:
What is a HUD Multifamily Center?
A HUD Multifamily Center is a local office of the U.S. Department of Housing and Urban Development (HUD) that provides assistance to borrowers interested in obtaining a HUD 221(d)(4) loan. HUD 221(d)(4) loans are insured by the Federal Housing Administration (FHA) and are available for the purchase, refinancing, or development of multifamily properties. HUD multifamily centers are located in the Southwest, Midwest, and other regions of the U.S. and can provide assistance with the loan process. For more information about HUD multifamily center locations, please visit the HUD website.
How do I find a HUD Multifamily Center?
You can find a HUD Multifamily Center by visiting the HUD website. The website lists the following locations for the Southwest region:
- Fort Worth
- Kansas City
- Albuquerque
- Houston
- Des Moines
- St. Louis
- Little Rock
- New Orleans
- Oklahoma City
- Omaha
- San Antonio
The website also lists the following locations for the Midwest region:
If you have any questions or need more information about HUD insured loans and other types of multifamily financing, you can contact us at
What services does a HUD Multifamily Center provide?
HUD Multifamily Centers provide a variety of services related to HUD insured loans and other types of multifamily financing. These services include loan origination, loan servicing, loan monitoring, and loan closing. They also provide technical assistance to borrowers and lenders, as well as guidance on HUD regulations and requirements. Additionally, they can provide information on loan products, such as the HUD 221(d)(4) loan, and help borrowers understand the loan process.
For more information, please visit the HUD website.
What are the qualifications for a HUD Multifamily Center?
To qualify for a HUD Multifamily Center, the property must meet the following criteria:
- Be licensed skilled-nursing or assisted living centers (regulated by a state or local board)
- Have been complete for at least 36 months
- Have no more than 20% of the floor area occupied by commercial space
- Have no more than 25% of the units designed for independent living
- Accommodate 20 or more patients in need of skilled nursing care
For more information, please visit the HUD website.
What are the benefits of using a HUD Multifamily Center?
The Department of Housing and Urban Development (HUD) offers a variety of loan products that can be beneficial for first-time multifamily investors. HUD loans offer a number of advantages, including 35-year fixed rate terms, full amortization, and leverage of up to 83.3% for market-rate apartment buildings or 87% for rental assistance properties. Additionally, HUD loans have few restrictions on borrower experience, and their liquidity and net worth borrower requirements are more flexible than agency loans. The biggest downside to HUD loans is that they take more time to get the financing, but for many, the benefits outweigh the wait.
HUD Multifamily Centers are located in the Southwest and Midwest regions of the United States. In the Southwest, HUD Multifamily Centers are located in Fort Worth, Kansas City, Albuquerque, Houston, Des Moines, St. Louis, Little Rock, New Orleans, Oklahoma City, Omaha, and San Antonio. In the Midwest, HUD Multifamily Centers are located in Chicago, Detroit, Minneapolis, and Cleveland. For more information about HUD Multifamily Center locations, please visit https://www.hud.gov/program_offices/housing/mfh/hsgmfbus/abouthubspcs.
How do I apply for financing through a HUD Multifamily Center?
To apply for financing through a HUD Multifamily Center, you'll need to do significant preparation. You'll need to contact your local HUD multifamily center with questions or concerns about the HUD multifamily construction loan process. You can find your local HUD multifamily center by visiting the HUD website. On the website, you'll find a list of HUD multifamily center locations in the Southwest and Midwest regions.