What is Escrow?

Escrow Definition

Escrow refers to assets (money, funds, and securities) held by a third party on behalf of two other parties before a transaction is complete. In the case of HUD multifamily loans, such as the HUD 223(a)(7) loan, property taxes, MIP, and required replacement reserves are typically held in escrow by a lender.


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