Apartment Lender: Apartment Loan Rates decline Treasury Rally yester...

Apartment Lender: Apartment Loan Rates decline Treasury Rally yester...: Treasury Aces .91% 5 yr 1.41% 7 yr 1.91% 10 yr 2.91% 30 yr Apartment Loan Rates Indicated by treasuries

FHA 223(f) FHA 221(d)(4) FHA 232 LEAN FHA 242

FHA 221D4, FHA 223 F Apartment and  FHA 232 LEAN Healthcare Loans

www.FHAAPARTMENTLENDER.COM

Apartment Lender News FHA Proposed Changes to FHA 223(f) and FHA 221(d)(4) Loan Underwriting

FHA 221(d)(4) Market Rate Loans now maximum loan to value is 83.5% and Debt Service Coverage is 1.20 to 1. For more information on these changes go www.kendallrealtyadvisors.com

FHA 221(d) New Construction Rates

FHA 221(d) New Construction Rates have been very close to 6% plus .45% MIP.  This is a big improvement from averaging about 7% last year.

FHA 221(d)(4) Apartment Construction Loans

GNMA Rates for apartment construction loans continue to run in the high 6% plus 45 basis points MIP, leaving FHA 221(d)(4) construction loans in the low 7% range all in.

FHA is currently encouraging affordable housing developments and market rate apartments in strong markets.

FHA 223(f) and 232/223(f) rates for refinances are much lower at 5.85% including MIP last week

Apartment Loans

FHA New Construction Loans Rates are in the high six percent range.


Affordable Housing Deals are more likely to be approved unless the rental market is very strong in the area of the proposed transactions.

Union Labor Pension Fund Debt GNMA

In some cases we can lower your debt cost if we work with a Union Labor Pension Fund to purchase the GNMA C.O. and the developer uses all union labor to build the property.

Its a win win for the owner and the labor, Economic Stimulus the old fashion way "From the workers on up"

Check out FHA 221(d)(4) for your next apartment development.