Loan Data
HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021) · 2026 edition · updated 2026-10-05 · United States
Section 221(d)(4)
40 years
January 1, 2000
Section 221(d)(4) or Section 223(f)
MAP Guide, March 2021 Go to beginning of Chapter 18
Bookmarked Version Go to Acronym and Abbreviation List, Glossary, Index
Chapter 18 Page 18-4
To return to this page after clicking a link, press ALT + Back Arrow
Chapter 18 Section 223(a)(7) 18.3 Basic Program Requirements
Go to Table of Contents
| Examples of | |||
|---|---|---|---|
| permitted | New maximum | New maximum | |
| term/maturity | Maturity date | maturity date if | maturity date if |
| extensions for loans | (original term) as a | refinanced under | refinanced under |
| with different | Section 221(d)(4) | 223(f) on January 1, | 223(a)(7) on January |
| refinancing histories | project | 2010 | 1, 2013 |
| Example 3 | January 1, 2040 | January 1, 2045 | January 1, 2048 |
| A (d)(4) loan is refi’d | (40 years) | (the maximum 35-year term limit under the |
(any later maturity would violate the |
| with a 223(f), and that is refi’d with an (a)(7) |
applicable SOA, in this case 223(f)) |
maximum 35-year term limit under the |
|
| applicable SOA, in this | |||
| case 223(f)) | |||
| Example 4 | January 1, 2040 | Not Applicable for this | January 1, 2052 |
| The same (d)(4) loan | (40 years) | example | (any later maturity would violate the |
| above is not refi’d with a 223(f) loan, but is |
(No 223(f) refinancing on this date) |
maximum 12-year extension of the |
|
| refi’d with an (a)(7) | original mortgage’s | ||
| term) |
D. If two or more existing FHA-insured multifamily loans (for a single property) are to be refinanced into a single Section 223(a)(7) loan, the term of the new Section 223(a)(7) mortgage may not exceed 12 years beyond the maturity date of the earliest-to-mature originally insured mortgage.
E. Any extension of the new mortgage term beyond the remaining term of the existing mortgage (or an additional mortgage per the paragraph immediately above) may not result in a mortgage term that exceeds 75% of the remaining useful life of the property.
Get a plain-English answer with a citation back to this text.
Ask AI about this code