What are Fixed-Rate Mortgages?

Fixed-Rate Mortgages Definition

Fixed-rate mortgages are mortgage loans with monthly payments set at fixed interest rates. Just like the other HUD multifamily loans they are designed to refinance, all HUD 223(a)(7) loans are fixed-rate mortgages.

To learn more about the HUD 223a7 refinance program, fill out the form below to speak to a HUD/FHA loan expert.