HUD 221(d)(4) Frequently Asked Questions
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What is the Federal Housing Administration's (FHA) Role in Multifamily Debt?
The Federal Housing Administration (FHA), founded in 1934, is a U.S. government agency under the U.S. Department of Housing and Urban Development (HUD). The main purpose of the FHA is to insure residential real estate loans. While many of the FHA's loans focus on individual homebuyers, the FHA also provides loans for multifamily builders and developers, including it's popular HUD 221(d)(4) loan program.
Are the interest rates fixed with FHA 221(d)(4) loans?
One of the major benefits of a HUD/FHA 221(d)(4) loans is the fact that they have incredibly competitive interest rates. But are these interest rates fixed or variable? Let's take a look.