From Our Newsletter: Business as Usual

2013-Q2 Click to View More What in the world is going on? With all of the talk about sequestration, the debt ceiling, GSE reform and general market turmoil, you would think that any company doing business with the federal government is in dire straits. Certainly, a lot of what is happening on Capitol Hill has a ripple effect on our FHA business. But let's be clear about something: Ripples aren't waves.

While these changes will affect a few of our friends at HUD, it will not have any impact on our ability to do business with HUD. Congress has passed a continuing resolution to keep the government open for business. In addition, HUD has been allocated the full commitment authority it was granted for fiscal year 2013. This means business as usual for the foreseeable future.

With GSE reform focused on the single family side, all of this means we can expect FHA to be the same reliable and attractive financing source it has been for multifamily properties, healthcare facilities and hospitals for almost 80 years.

Though we shouldn't expect to see forever the record-low rates that were once deemed unimaginable, the fact is rates are still extremely attractive - around 3% for 35- and 40-year fully amortizing debt. Call your Love Funding contact and find out how we can solve your multifamily, healthcare or hospital finance needs.

View additional updates from our most recent quarterly newsletter

Related Posts

New MAP Guide Released September 15 915 2011
HUD Takes Aim at Loan Delays March 1 301 2012
Certainty Of Execution March 2 302 2012
Dealmaker of the Day March 8 308 2012
Dealmaker of the Day March 8 308 2012
Multifamily Real Estate in Demand September 11 911 2013
Ohio Housing Conference October 24 1024 2013
RAD Program Updates January 28 128 2015
New MAP Guide Changes February 1 201 2016
HUD Construction Financing March 18 318 2016
VAHCDO Annual Conference March 19 319 2016
New LEAN Handbook May 23 523 2016