Answer first
In brief
90 metro areas have at least 30 active FHA-insured multifamily loans in HUD’s October 2026 file. The largest are New York-Newark-Jersey City, NY-NJ (615), Boston-Cambridge-Newton, MA-NH (587), Chicago-Naperville-Elgin, IL-IN (568). Smaller metros are covered on their state pages.
Metro areas with 30 or more loans
Data source and method
Data source: HUD Insured Multifamily Mortgages (active), file FHA-BF90-RM-A, as of the October 2026 release (loans endorsed through September 29, 2026); HUD FHA Multifamily Firm Commitments and Endorsements Database (FY2001 to Q4 FY2026, data run October 8, 2026); HUD Insured Multifamily Properties, HUD Open Data (updated October 6, 2026) for metro area and Section 8 flags. Aggregates computed by Bravo Capital; no owner or contact information is used.
Balances are HUD’s reported amortized principal balance. Interest rates are note rates as reported by HUD (mortgage insurance premium not included), and the average shown is weighted by balance. Metro areas use HUD’s Core Based Statistical Area assignment for each property. “Holder” is the holder of record in HUD’s file, which is often the servicer or Ginnie Mae issuer rather than the original lender. Initial endorsement counts come from HUD’s multifamily production database, which covers apartment programs and does not include Section 232 healthcare loans.
Common questions
Frequently asked questions
Which metro has the most HUD loans?
New York-Newark-Jersey City, NY-NJ, with 615 active FHA-insured loans in HUD’s October 2026 file.
Why do some metros not have a page?
Metro areas with fewer than 30 active HUD loans are included in their state pages instead, so each published page has enough data to be meaningful.
Created by Bravo Capital, a HUD-approved MAP and LEAN lender, and expert-reviewed by the Bravo Capital HUD Underwriting Team. Last updated . This page is educational and is not a credit decision or commitment to lend.