Independent analysis of HUD's public loan data
Active FHA-insured apartment loans, by property, rate and maturity
HUD publishes its insured multifamily loans every month. Here is a page per property with its rate, balance and maturity, a finder for low-rate loans a buyer could ask to assume, and the refinance math for the rest.
Operated by Janover Capital LLC. Not affiliated with HUD or FHA.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| 900 Thayer Apts | Silver Spring, MD | 124 | 1.869% | $14.3 million | 2060 |
| Beckley Townhomes | Dallas, TX | 100 | 1.96% | $12.9 million | 2055 |
| Mansions at Jordan Creek | West Des Moines, IA | 140 | 1.97% | $13.1 million | 2055 |
| Whittell Pointe Apartments | Reno, NV | 228 | 1.99% | $29.6 million | 2056 |
| Canyon Pass Apartments | San Antonio, TX | 264 | 2% | $31.7 million | 2063 |
| Springbrook Apartments | Charlotte, NC | 198 | 2% | $29.1 million | 2063 |
| Valencia Park Apartments | Orlando, FL | 208 | 2% | $26.1 million | 2056 |
| Valley View Apartments | Moline, IL | 192 | 2% | $10.8 million | 2057 |
Start with a state
- Texas 1,066
- California 716
- Massachusetts 661
- Ohio 624
- Minnesota 525
- Maryland 489
- Illinois 488
- Michigan 477
- New York 456
- North Carolina 441
- Florida 380
- Indiana 368
Loans in 53 states, DC and territories · $144.6 billion owed across the file
What the file shows
HUD's Office of Housing publishes every active FHA-insured multifamily mortgage, one row per loan: the property, its city and units, the original amount, the note rate, the endorsement and maturity dates, the program, the current monthly payment and HUD's amortized balance. The current file is dated September 30, 2026 and holds 11,602 apartment loans with about $144.6 billion still owed.
The median note rate on those loans is 3.65%. The 572 apartment loans HUD endorsed in the 12 months before that date carried a median of 5.54%.
Why the gap is worth money
Take a $20.0 million balance with 30 years left. At 3.00%, principal and interest run about $84,300 a month. At 5.54% the same balance costs about $114,100. A buyer who assumes the older loan pays roughly $29,700 a month less, or about $357,000 a year, before mortgage insurance and servicing.
3,180 apartment loans in the file carry a rate under 3% with at least 15 years to run. 62% of them were endorsed in 2020 and 2021.
What it doesn't show
HUD's loan file has no street address, so we join one from HUD's property map layer where the project numbers match. It has no prepayment terms, which live in each loan's note, and no occupancy or financials. Lender names are cut off at 30 characters in HUD's file; we show them as filed.
Short answers
Can a buyer really take over a HUD apartment loan?
Yes. FHA-insured multifamily loans are assumable, but not automatically. HUD has to approve the new owner through its Transfer of Physical Assets review, and the lender and servicer have their own conditions. The buyer keeps the note rate, the remaining term and the balance; anything above the balance is the buyer's equity.
Where do the rates and balances on this site come from?
From HUD's own file of active FHA-insured multifamily mortgages, which HUD updates monthly from the FHA subsidiary ledger. Each property page shows the as-of date. We do not change HUD's figures; we only add the arithmetic.
What is a 223(a)(7) refinance?
It is HUD's streamlined refinance for a property that already has an FHA-insured loan. The new loan is insured under the same section, allows no cash out, can't exceed the old loan's original amount, and can run up to 12 years past the old maturity. Since October 1, 2025, new FHA multifamily loans pay 0.25% a year in mortgage insurance (90 FR 45789).
Is this site run by HUD?
No. It is operated by Janover Capital LLC, a commercial mortgage firm, and is not affiliated with or endorsed by HUD or FHA. HUD's data is public; the analysis and any errors in it are ours.
Why are nursing homes and hospitals missing?
HUD's file mixes apartment loans with health care and hospital loans. This site covers the apartment loans only, so the numbers compare like with like.
Buying a property with a HUD loan on it?
Send it to the Janover Capital desk. We'll tell you what the assumption takes and what a new HUD loan would size to instead.