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
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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 […]

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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 […]

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FHA Rate Update January 19, 2015

Pricing of FHA apartment and healthcare loans is dependent on the loan size and other factors that may complicate loan processing. As always, these price indications are current as of the date posted and are subject to market interest rate volatility. For a $5 million or greater refinance of acquisition loan the note rate will […]

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