FHA Hospital Loans - HUD Section 242 Mortgages
FHA mortgage insurance has a variety of benefits including credit enhancements and can provide attractive terms. Listed below are some of the features provided by FHA mortgage insurance for hospitals.
FHA Credit Enhancement
Government backing enhances your hospitals credit worthiness. Your Resulting AA to AAA Credit Rating will provide you with a better interest rate. With a lower interest rate you have more money to meet your community needs.
Hospitals That Choose FHA:
- Are Nationwide
- For-Profit, Not-for-Profit, and Government-Owned Hospitals
- Acute Care Hospitals
- Large Urban Teaching Hospitals
- Hospitals in Systems
- Critical Access Hospitals
FHA-Insured Loan Uses:
- No maximum Loan Amount
- LTV up to 90%
- No Cash Required At Closing with Sufficient Equity
- FHA insures 99% of the loan amount.