AGM Financial Services, Inc. is proud to announce the successful closing of a HUD insured $14,397,500 mortgage under the 223(f) refinance program of Uvalde Ranch in Houston, TX. Originally built in 2005, this affordable senior apartment community features 244 units in seven three-story garden style buildings and one four-story elevator served building. All of the apartments are restricted to households whose incomes are at or below 50% of area median income. Amenities include a clubhouse, game room, laundry facilities, pool area with tropical landscaping, and playground.
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FHA Proposals on New MIP Premiums and Eliminating Green MIP
Late yesterday, HUD announced important proposed changes in mortgage insurance premiums (MIP) for FHA-insured multifamily loans. In a notice to be published in the Federal
