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hud 223 (f) costs and fees

While they do offer a variety of benefits, HUD 223(f) financing still requires developers to pay a certain amount of fees during the loan application and approval process. These include:
  • * $25,000 application fee: covers due diligence and third party reports * FHA application fee: 0.30% of the total loan amount * FHA inspection fees: * $30 per unit where repairs total over $100,000, but $3,000 or less per unit * If required repairs are greater than $3,000 per unit, the greater of: * $30 per unit or * 1% of the cost of repairs * Finance and permanent placement fees: capped at 3.50% of the loan amount and paid from mortgage proceeds * Good-faith deposit (commitment and rate lock): 1% of the loan amount. Paid at commitment and refunded at closing * Standard borrower closing costs: Title Fees, Lender's Legal Fees, etc.
This website is owned by a private company that offers business advice, information and other services related to multifamily, commercial real estate, and business financing. We have no affiliation with any government agency and are not a lender. We are a technology company that uses software and experience to bring lenders and borrowers together. By using this website, you agree to our use of cookies, our Terms of Use and our Privacy Policy. We use cookies to provide you with a great experience and to help our website run effectively. We are not affiliated with Freddie Mac or Fannie Mae in any way. Freddie Mac and Optigo are registered trademarks of Freddie Mac. Fannie Mae is a registered trademark of Fannie Mae. We are not affiliated with the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA). If you need to visit FHA or HUD directly please click here: hud.gov.
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