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