What are the Application Fees for HUD 223(f) Loans?

HUD 223(f) Loan Application Fees 

While HUD 223(f) acquisition and refinancing loans offer incredible benefits to borrowers, they also come with a variety of fees. Some of the most common include: 

  • Lender Application Fee: Typically around $25,000. This includes mandatory due diligence, and required third-party reports, such as an Appraisal, Phase I Environmental Assessment, Market Study, and Project Capital Needs Assessment (PNCA.)

  • FHA Application Fee: 0.30% of the entire loan amount.

  • FHA Inspection Fee: $30/unit if the repairs are less than $3,000/unit, or the greater of $30 per unit or 1% of the total cost of required repairs if that cost exceeds $3,000/unit

  • Origination Fee: Negotiable, varies by lender

  • Finance/Permanent Fee: Usually limited to 3.50% of the entire loan amount (can be paid from loan proceeds)

  • Good-Faith Deposit (rate lock and commitment): 1% of the total loan amount, due at commitment and refunded at loan closing

  • Lender's Legal Costs: Vary, paid by borrower

  • Title Costs: Vary, also paid by borrower


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