American Credit Express Associates
Successful Mortgages Since 1986
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Existing Multifamily Rental Housing; (207/223f)
This program is designed for investors, developers, builders, and others that meet HUD requirements.
Under the National Housing Act section 207/223f was developed for the purchase or refinancing of a existing apartment, or cooperative housing project and or for the purchasing and conversion of a existing rental project to cooperative housing. HUD may also insure mortgages on a existing multifamily project that does not need substantial rehabilitation. But the project must have 5 or more units and the rehabilitation must have been completed for 3 or more years ago.
Applying for a mortgage is simple, safe, and secure. Your information will only be sent to your designated FHA Loan Officer.
Please note: There are no fees to submit your application or to request your free consultation with an FHA loan officer. These services are provided to you at no charge and no obligations.
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