An easier process for some multifamily loans – Texas REALTORS®-2021十大正规彩票app

August 01, 2023

In June, the Federal Housing Administration (FHA) increased the threshold for what is considered a large loan for multifamily real estate. The increase from $75 million to $120 million means more transactions will qualify to use standard, less-onerous underwriting processes when submitted for FHA multifamily insurance. This marks the first increase in the threshold since 2014. FHA now intends to review the threshold on an annual basis with increases in $5 million increments when warranted. According to FHA, the changes are designed to simplify underwriting for multifamily housing development without presenting undue risk to FHA, and to provide for regular adjustments to the threshold so it does not lag behind the market.

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