What is an Interest-Only Fixed Rate Loan?

Interest-Only Fixed Rate Loans and the HUD 223(f) Loan Program

Interest-only fixed rate loans are loans in which the borrower pays only interest at a fixed rate and nothing towards the principal of their mortgage loan. Interest-only fixed rate loans are a component of certain HUD multifamily loan programs, such as HUD 221(d)(4) loans for the construction and substantial rehabilitation of multifamily properties. Interest-only fixed rate loans are also a component of the HUD 232 loan for the construction and substantial rehabilitation of senior living properties. However, there are no interest-only periods for the HUD 223(f) loan program.


TO LEARN MORE ABOUT FHA 223F LOANS, FILL OUT THE FORM BELOW AND A HUD LENDING EXPERT WILL GET IN TOUCH.