FHA Loan Programs

FHA Multifamily Loan Products:

New Construction or Substantial Rehabilitation

Section 207: New Construction or Substantial Rehabilitation of Multifamily Manufactured Home Parks.

Section 220: Financing for Apartments in Urban Renewal Areas.

Section 221(d)(3)(4): New Construction or Substantial Rehabilitation of Apartments.

 

Refinance or Supplemental Loans

Section 223(f): Acquisition or Refinance of Apartments.

 

Section 223(a)(7): Refinance of Existing FHA Insured Mortgages (to Reduce the Interest Rate and Pay Associated Costs).

Section 241: Supplemental Loan Program for Renovation or Expansion of Existing FHA Insured Apartments, Nursing Homes, Assisted Living Facilities, and Personal Care Facilities.

 

FHA Senior Housing (Independent Living, Assisted Care and Skilled Care Facilities) Products:

Independent Living New Construction or Substantial Rehabilitation 

Section 231: New Construction or Substantial Rehabilitation of Apartments where all residents must be 62 years or older.

Assisted Living and Skilled Care Facility New Construction or Substantial Rehabilitation

Section 232 Lean: New Construction or Substantial Rehabilitation of Skilled Care Nursing Homes, Intermediate Care, Assisted Living and Personal Care Facilities (Board and Care Facilities).

Section 242: New Construction or Substantial Rehabilitation of Acute Care Facilities Including Critical Access Hospitals.

Refinance or Supplemental Loans

Section 232 pursuant to Section 223(f): Acquisition or Refinance of Skilled Care Nursing Homes, Intermediate Care, Assisted Living and Personal Care Facilities (Board and Care Facilities).

Section 241: Supplemental Loan Program for Renovation or Expansion of Existing FHA Insured Apartments, Nursing Homes, Assisted Living Facilities, and Personal Care Facilities.

Testimonials

"Armstrong Mortgage maintains a working expertise of the standards of the industry, and adds the personal dedication that simplifies what can be a tedious process elsewhere.“
 
Christine S. Collins
Director of Development
Fairfield Homes, Inc.
"Armstrong Mortgage has not only provided me with top notch service over the years, but they have also treated me like family.  The staff is very knowledgeable and professional, but they will also treat you as a friend.  Our most recent refinance literally would not have happened if it were not for the staff at Armstrong Mortgage and their willingness to go above and beyond."
 
Wexford Inc.
Walter T. Krumm III - Principal