Programs Comparison
Multifamily - Refinance
| HUD | Agency | Institutional | |
|---|---|---|---|
| Interest Rate | 3.75% | 4.25% | 4.75% |
| Fixed Loan Term | 35 Years | 10 - 30 Years | 5 - 10 Years |
| Amortization | 35 Years | 30 Years | 30 Years |
| Loan to Value | 80-90% | 75-85% | 75-80% |
| Recourse | Non-Recourse | Non-Recourse | Yes |
| Cash Out | Yes - Up to 80% | Yes - Up to 80% | Varies |
| Benefits | Fixed Rate for 35 Years, Fully Assumable, Non-Recourse and hedges against rate risk | Non-recourse, less third party fees and transaction costs than HUD. Fixed rate for 10 - 30 years. | Closes in 45 - 60 days. |