3.8.2 Terms

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. Most transactions are processed with a lower interest rate, and re-amortized either within the remaining term or with an extension up to 12 years, including any previous extensions granted. Exceptions are detailed in Chapter 18; however, Lenders should ensure compliance with this section by reviewing the loan history in HUD’s database if the most recent financing was through Section 223(a)(7). Extended amortizations may reduce risk to the Department by lowering debt service requirements as long as the CNA shows that the physical condition supports the extended term of the mortgage. In every case, the loan term cannot exceed 75% of the remaining economic life of the property.

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸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)

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.