19.6.2.2 Five-Year Lockout

HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021) · 2026 edition · updated 2026-10-05 · United States

A. Projects with loans insured under Section 223(f) are eligible for refinancing under Section 223(a)(7). However, if the Project’s statutory 5-year prepayment lockout period has not expired at the time of refinance from 223(f) to 223(a)(7), Borrower must enter into HUD’s form Use Agreement (Section 207 Use Agreement pursuant to Section 223(f), Rental Housing Prepayment, subject to Section 223(f)(3) (form HUD-93150)) in order for HUD to permit the prepayment and refinancing of the existing 223(f) loan.

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▸Contents — HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021)

HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021)

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