3.1.4 Interest Rate
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. The interest rate on a HUD insured loan is negotiated between the Borrower and the mortgagee (and if applicable, the Ginnie Mae investor) and must be locked in by the time of Initial Endorsement. Payment of discounts by the mortgagor to buy down an interest rate is acceptable during negotiations, prior to Initial Endorsement. Any change in the mortgage amount due to a change in interest rate must be reflected in an amendment to the Firm Commitment before Initial Endorsement. This action may require re-underwriting with the issuance of an amended Firm Commitment. The Mortgage Note, form HUD-
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Chapter 3 Programs 3.1 General Program Requirements
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94001M, provides for the same or different interest rates for the construction and permanent financing periods.
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