HUD 221(d) rates
Can someone tell me the current rate without MIP for a HUD 221(d) 40 year loan? I assume I can't use a 30 year rate.
Can someone tell me the current rate without MIP for a HUD 221(d) 40 year loan? I assume I can't use a 30 year rate.
Career Resources
Try Scotsman Guide.
Doing a deal now, last quote I got was 4.5% but that was when the 10-year was above 3. You could probably underwrite 4.4-4.45% (even 5 bps on that much leverage is massive) today, but I'm not sure how far you are in the process - closing the loan is an incredibly arduous process.
Thank you! My assumption was 4.44% so I'm glad I'm about on track. It is primarily for proforma purposes during feasibility analyses, so close is good enough since they will change before lock anyway.
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