Fixed-rate mortgages are mortgage loans with monthly payments set at fixed interest rates. All HUD multifamily loans, including HUD 221(d)(4) loans and HUD 223(f) loans, are fixed-rate mortgages. In contrast, HUD-insured loans for single-family loans are typically offered in both fixed and adjustable-rate options.
Fixed-rate mortgages come in two main types:
Fixed-rate mortgages - These mortgages have a fixed interest rate for the entire loan term.
Adjustable-rate mortgages - These mortgages have an interest rate that can change over time.
To learn more about HUD multifamily construction loans like the HUD 221(d)(4) loan, fill out the form below and a HUD lending expert will get in touch.