What is Underwriting?
Underwriting is lender’s process of determining if a borrower meets their criteria for a loan. Underwriters usually consider three C’s - credit, capacity and collateral. When it comes to HUD 223(f) loans , lenders will also examine a borrower’s experience with owning and managing similar multifamil
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Underwriting and the HUD 223(f) Loan Program
Underwriting is lender’s process of determining if a borrower meets their criteria for a loan. Underwriters usually consider three C’s - credit, capacity and collateral. When it comes to HUD 223(f) loans, lenders will also examine a borrower’s experience with owning and managing similar multifamily properties as part of their underwriting process.