Due to historically low interest rates, loan applications for FHA-insured refinance loans and interest rate reductions (IRRs) have increased dramatically. Our experience over the past few months has provided us with valuable insights throughout the financing process.
In our "Recent Trends in FHA Multifamily Financing" presentation, we provide an overview of the most commonly used FHA programs, including the differences between Section 223(a)(7) refinancing and IRRs. We also discuss recent HUD guidance regarding the loan application queue, COVID-19, and industry trends. We close out the program with a case study of a recent financing, walking through the options and issues encountered by the client throughout.