FHA Multifamily Programs

The benefits of financing insured by the Federal Housing Administration (FHA) are many. According to Tyler Griffin, vice president at Beech Street Capital, they include: low rates (as low as sub-3 percent on refinances) with no underwriting floors; long fixed-rate terms and amortizations; and flexible prepayment options. Mortgages are non-recourse, but they may require longer application times and Davis-Bacon wages. Here are the major, as well as some less well-known, FHA-insured multifamily financing programs.

See the FHA chart here.