An amortizing loan refers to a debt repayment that is repaid over a period of time on a fixed schedule. Amortizing loans are paid in regular installments, and most of the early monthly payments are weighted towards paying interest. All HUD multifamily loans including HUD 221(d)(4) loans, HUD 223(f) loans, HUD 232 loans, and HUD 223(a)(7) loans are fully amortizing.
