FHA MARKET RATE LOAN PROGRAMS
MJC is a Multifamily Accelerated Processing (MAP) approved FHA lender with offices in San Antonio, Fort Worth and Oklahoma City providing construction, substantial rehabilitation, acquisition, refinance and bridge financing for multifamily and senior housing communities nationwide.
Consistently a top FHA lender in Texas and HUD's Southwest Region, MJC has closed in excess of $3.1 billion in multifamily loans over the last five years including over $2.2 billion in new construction loans using HUD's 221(d)(4) program. Click on the links below to see loan program summaries and details:
221(d)(4) New Construction & Substantial Rehabilitation
Construction and permanent financing for new family or senior apartments as well as substantial rehabilitation for existing apartments.
223(f) Acquisition & Refinance
Purchase or refinance of existing apartments.
223(a)(7) Refinance
Refinance of existing FHA insured loan in order to lower the interest rate, extend the term, and fund needed repairs.
241(a) Supplemental Loan
Second mortgage for the purpose of financing additions, repairs, replacements, and energy conservation for existing FHA insured loans.
Loan Modification | interest rate reduction (IRR)
Modification of existing FHA insured mortgage for the sole purpose of reducing the interest rate.
Benefits of FHA Finance