3.1.17 Secondary Financing
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. FHA insured mortgages must be first liens. Secondary liens are permitted in the case of FHA insured second mortgages (supplemental loans and operating loss loans) and under certain conditions. Chapter 8 contains the requirements for secondary financing, as does Chapter 14 regarding secondary financing for LIHTC transactions.
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