Fixed-Rate Loans and the HUD 223(f) Loan Program
Are HUD 223(f) Loans Fixed Rate?
Fixed-rate loans are those loans with monthly payments at fixed interest rates. While FHA-insured mortgages for single family homes typically come in both fixed and adjustable-rate versions, FHA/HUD-insured multifamily loans, such as the HUD 223(f) loan, are always fixed-rate. This reduces risk for borrowers and can help them make accurate financial projections for future years.