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Products
& Programs
Program Purpose & Design
Multifamily Apartment Projects
New Construction and Substantial Rehabilitation
- Up to 100% loan to value (90% if for-profit)
- 40-year Amortization
- Non-recourse loan
- Includes construction loan
- Tax-exempt or taxable loans
- Up to 85% loan to value
- 35-year Amortization
- Non-recourse loan
- Finance Needed Repairs
- Tax-exempt or taxable loans
Nursing Homes and Assisted Living Facilities
New Construction and Substantial Rehabilitation
- HUD 232 Approved Financing
- Up to 95% loan to value (90% if for-profit)
- 40-year Amortization plus construction or rehabilitation time
- Non-recourse loan
- Includes construction loan
- Tax-exempt or taxable loans
- HUD 232/223 (f) Approved Financing
- Up to 90% loan to value (85% if for-profit)
- 35-year Amortization
- Non-recourse loan
- Tax-exempt or taxable loans
Hospitals
Capital Financing
- HUD 242 Mortgage Insurance for Hospitals
- New construction, replacement, or renovation (including major medical equipment and certain transaction costs)
- 25-year Amortization
- Up to 90% loan to value (may permit 100% financing)
- Non-recourse loan
Conventional Financing
- Up to 80% loan to value
- 30-year Amortization
- Non-recourse loan
Multi-family Accelerated Processing
(MAP)
Through MAP,
HUD is mandated to review an application within 45 days of receipt of the required information. Priority is given to all FHA
MAP applications so an application will be reviewed first at all stages.