Securing financing for residential care facilities should never be a hassle. Yet, the process proves difficult for even the most seasoned multifamily borrowers. As baby boomers set poised for retirement, borrowers will likely encounter more roadblocks that will prevent them from obtaining much-needed financing for their properties. Luckily, borrowers working with Hunt Mortgage Group will receive the necessary resources through HUD 232 loans.
As an FHA loan product, Section 232 provides mortgage insurance for residential care facilities, giving lenders more motivation to finance loans of this type. By utilizing the Section 232 loan program, Hunt Mortgage Group finances residential healthcare facilities such as nursing homes, assisted living facilities, and board/care facilities.
Hunt Mortgage Group Supports HUD 232 LEAN Loans
Hunt Mortgage Group is one of the nation’s leading agencies in providing FHA-insured mortgages. As an approved LEAN lender, we obtain mortgages insurance through a variety of programs administrated by the Federal Housing Administration (FHA) under the supervision of the United States’ Department of Housing and Urban Development. The use of HUD’s LEAN program allows for faster and more consistent processing during the loan process. By utilizing LEAN, Hunt offers benefits such as:
- Low, fixed interest rates
- Amortization of up to 40 years (depending upon the program and asset class)
- Fully assumable loans for qualified buyers
- Negotiable pre-payment provisions
- Minimal reporting requirements
- No personal recourse
- Loan to value of 80%; up to 85% when warranted
- Equipment purchase and repairs of up to 15%
HUD LEAN financing through Hunt Mortgage Group now offers a quicker, more streamlined process for healthcare and nursing home financing. Hunt Mortgage Group puts you first by providing a rapid application-to-funding process that minimizes unnecessary fees, while offering high leverage options and non-recourse liability.
Experience the Hunt Advantage Through The HUD LEAN Program
At Hunt Mortgage Group, we deliver suitable solutions to your multifamily lending requirements backed by the most competitive rates and favorable terms on the market. We understand your time is precious, so the expert team at Hunt Mortgage Group streamlines the process without sacrificing accuracy, thereby eliminating hassles and headaches.
No matter the size of your loan, Hunt Mortgage Group remains your best all-around choice for healthcare facility financing through HUD 232 loans. We know that you want and expect a simple, pain-free lending process. We provide a competitive multifamily lending interest rate for the terms that work best for you.
Let our renowned team of lenders and originators help you maximize your property investments today!
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Multifamily Accelerated Processing (MAP) is a national fast-track processing system for the FHA multifamily mortgage insurance programs. As an approved FHA MAP lender, Hunt Mortgage Group is responsible for preparation of most documents required for an application for mortgage insurance and for making a recommendation to the HUD field offices based upon Hunt Mortgage Group’s processing and underwriting.
Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. While every effort is made to include accurate, up-to-date information, HMG does not guarantee the accuracy of the results obtained from this calculator and is not responsible for any errors, omissions, or misrepresentations in such results.
This calculator does not have the ability to pre-qualify you for any loan program. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. All information such as interest rates, taxes, insurance, etc. are estimates and should be used for comparison only. HMG does not guarantee any of the information obtained by this calculator. Please contact your HMG originator or servicer for more details.