FHA Rate Update May 9, 2018

Rates are on the move again.  The US 10-YR Treasury note topped 3% today while the 2-YR Treasury note hit its highest level since September 8, 2008.  If you’ve been pushing off that refinance, the time to act may be now.  You can still lock in today a 35-year fixed FHA insured loan in the 3.85%-4.10% […]

05.09.2018
by Avi Brum
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Rockhall Provides $34.8 Million HUD-Insured Loan for New Construction of 228-Unit Multifamily Property in Texas

Rockhall announced it has provided a $34,792,300 loan to finance the new construction of Harbor Urban Center in Rockwall, TX.  The loan was originated by Kathryn Thompson of Rockhall’s Dallas office.  Harbor Urban Center will provide 228 class-A apartments with waterfront views situated across from the beautiful Lake Hubbard and Rockwall Harbor. The project with […]

11.28.2017
by Avi Brum
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FHA To Cut Insurance Rates on Multifamily Mortgages

On January 28th, 2016, the FHA declared that it would reduce insurance rates on multifamily mortgages. HUD’s reduction of mortgage insurance premiums will greatly benefit the affordable housing community. This is particularly exciting for projects with below-budget rents which are capped by market. The lower all-in mortgage rates will also allow for higher loan proceeds […]

02.01.2016
by admin
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HUD Raises Statutory Mortgage Limits for Multifamily Loans

On July 7, 2014, HUD issued Mortgagee Letter 2014-14, which raises statutory limits for multifamily programs. According to Rockhall EVP Scott Brown, “These revisions should make FHA multifamily programs viable in many new high cost markets that previously had been priced out by the old statutory limits.” For more information, contact your Rockhall originator for […]

by admin
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NAHB Data Shows Multifamily New Construction to Be Strong in 2015

The National Association of Home Builders Production Index for the third quarter of 2014 indicates continued strong production of both market rate and low rent multifamily rental properties. U.S. Census data put third quarter 2014 multifamily starts at just under a 350,000 unit annual rate. The NAHB occupancy index points to continued strong occupancy rates […]

by admin
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