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Lowest Apartment Loan Rates

Published December 17, 2012 

The lowest apartment loan rates (commercial apartment complexes of five units or more) are without doubt HUD/FHA loan programs for refinancing and purchasing apartment buildings. This program is known as the HUD 223f. The rate as of the date of this blog article is 2.75% for a 30–35 year fixed with a 30–35 year amortization. HUD will also mandate a monthly mortgage insurance premium, so that will add .60% on to the rate. Therefore the all-in rate today is 3.35%.

Now when you consider that bank rates are averaging today between 3.75% and 4.75% on a 5-year fixed-rate mortgage with a 20–25 year amortization, the HUD loan program is the lowest apartment loan rate. On the down side, HUD loans have much higher loan fees and expenses, and can take six months or longer to close. Most HUD lenders will not consider a loan under $2 million, and many not under $3 million.

We have 12 years of HUD-lending experience on apartment buildings and an A+ rating with the Better Business Bureau. We are not only very competitive in working with you on apartment loan rates, but we have been 100% successful in getting apartment loans closed for over 3 years for every permanent apartment loan that has had application acceptance.

To learn more about our HUD loan programs, please call 866-811-9515.

To discover more about our loan products and rates, go to http://apartmentloanstore.com/ or http://businessloanstore.com/

Terry Painter, President 

Item Date: 
Monday, December 17, 2012