FHA Multifamily Programs

A guide to popular multifamily financing from the Federal Housing Administration.

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.