U.S. Department of Housing and Urban Development (HUD)
Federal Housing Administration (FHA)

FHA Section 207/221(d) Loans
FHA provides mortgage insurance for new construction or substantial rehabilitation of multifamily rental properties

• 5 or more units
• Up to 85% LTV
• Up to 35 years fully amortized
• Construction to permanent loans available up to 90% LTV (100% for non-profits) and up to 40 years

FHA Section 207/223(f) Loans
FHA provides mortgage insurance for the purchase or refinance of existing multifamily rental properties

• 5 or more units
• Up to 85% LTV for purchases
• Up to 80% LTV for refinances
• Up to 35 years fully amortized

FHA Section 207/234(d) Loans
FHA provides mortgage insurance for new construction or substantial rehabilitation of multifamily condominium properties

• 5 or more units
• Up to 85% LTV
• Up to 35 years fully amortized

FHA Section 207 Loans for Manufactured Home Parks
FHA provides mortgage insurance for the construction or substantial rehabilitation of manufactured home parks
• 5 or more units
• Up to 85% LTV for purchases
• Up to 80% LTV for refinances
• Up to 35 years fully amortized

FHA Section 232 Loans for Long-Term Care Facilities
FHA provides mortgage insurance for construction, acquisition, refinance, or substantial rehabilitation long-term care facilities.
• 20 or more residents
• Up to 90% LTV (95% for non-profits) for new construction or substantial rehabilitation
• Up to 85% LTV (90 % for non-profits) for purchases or refinances
• Up to 35 years fully amortized

FHA Section 232/223(f) Loans for Healthcare Facilities
FHA provides mortgage insurance for the acquisition, refinance, or moderate rehabilitation of existing healthcare facilities.

• Up to 85% LTV (90% for non-profits)
• Up to 35 years fully amortized