Answer first
In brief
District of Columbia has 93 active FHA-insured multifamily and healthcare loans with $1.4 billion of principal balance, according to HUD’s October 2026 active mortgage file. The balance-weighted note rate is 3.66%, and the largest program is 223(f) purchase or refinance (apartments) with 32.3% of loans.
Compiled by Bravo Capital, a HUD-approved MAP and LEAN lender, from the HUD public data files listed under Data source and method.
Key figures
- 93 active FHA-insured loans with $1.4 billion of principal balance in District of Columbia.
- Balance-weighted note rate of 3.66%; 53.8% of loans are below 4.00%.
- Largest program: 223(f) purchase or refinance (apartments) with 32.3% of loans.
- 29.0% of loans are on properties HUD flags as Section 8.
Program mix
| Program (section of the National Housing Act) | Loans | Share | Balance |
|---|---|---|---|
| 223(f) purchase or refinance (apartments) | 30 | 32.3% | $410.4M |
| 542(b) and 542(c) risk sharing (HFA and QPE) | 20 | 21.5% | $205.8M |
| 221(d)(4) new construction or substantial rehab | 19 | 20.4% | $296.2M |
| 223(a)(7) refinance of an existing HUD loan (apartments) | 17 | 18.3% | $383.8M |
| Other and legacy sections (213, 220, 231, 221(d)(3)) | 4 | 4.3% | $31.8M |
| Section 232/223(f) healthcare purchase or refinance | 1 | 1.1% | $32.4M |
| Section 232 new construction or substantial rehab | 1 | 1.1% | $11.4M |
| Section 232/223(a)(7) healthcare refinance | 1 | 1.1% | $7.2M |
Interest rate distribution
| Note rate | Loans | Share of loans | Balance |
|---|---|---|---|
| Under 3.00% | 23 | 24.7% | $449.7M |
| 3.00% to 3.99% | 27 | 29.0% | $509.3M |
| 4.00% to 4.99% | 17 | 18.3% | $238.6M |
| 5.00% to 5.99% | 15 | 16.1% | $136.8M |
| 6.00% and above | 11 | 11.8% | $44.7M |
| Initial endorsement | Loans | Weighted note rate |
|---|---|---|
| Before 2010 | 12 | 5.72% |
| 2010 to 2014 | 20 | 3.95% |
| 2015 to 2019 | 22 | 3.50% |
| 2020 to 2022 | 29 | 3.25% |
| 2023 to 2026 | 10 | 4.75% |
Maturity profile
| Maturity year | Loans | Share of loans | Balance |
|---|---|---|---|
| 2026 to 2030 | 1 | 1.1% | $86,038 |
| 2031 to 2035 | 7 | 7.5% | $45.7M |
| 2036 to 2045 | 17 | 18.3% | $196.8M |
| 2046 to 2055 | 25 | 26.9% | $371.9M |
| 2056 and later | 43 | 46.2% | $764.7M |
Where the loans are
| Metro area (CBSA) | Loans in state |
|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 93 |
| City | Loans |
|---|---|
| Washington | 93 |
Holders and active lenders
| Holder of record (HUD file) | Loans | Share | Balance |
|---|---|---|---|
| DC Housing Finance Agency | 13 | 14.0% | $158.2M |
| Wells Fargo Bank N.A. | 9 | 9.7% | $96.7M |
| Walker & Dunlop LLC | 8 | 8.6% | $142.2M |
| Gershman Investment Corp. | 7 | 7.5% | $47.3M |
| Freddie Mac (Federal Home Loan Mortgage Corp.) | 6 | 6.5% | $9.5M |
| Dwight Capital LLC | 5 | 5.4% | $169.2M |
| Lender at initial endorsement | Loans |
|---|---|
| DC Housing Finance Agency | 7 |
| Gershman Investment Corp. | 3 |
| AGM Financial Services Inc. | 3 |
| PNC Bank, National Association | 2 |
| Capital One N.A. | 2 |
| Rockport Mortgage Corp. | 1 |
30 different holders of record appear in District of Columbia.
Recent endorsement activity
| Fiscal year | Loans | Mortgage amount | Units |
|---|---|---|---|
| FY2022 | 11 | $154.1M | 1,278 |
| FY2023 | 3 | $67.7M | 355 |
| FY2024 | 3 | $63.5M | 268 |
| FY2025 | 4 | $42.5M | 359 |
| FY2026 | 3 | $70.6M | 280 |
Section 8 and affordability overlap
27 of District of Columbia’s active insured loans (29.0%) are on properties HUD flags as Section 8, and 27 (29.0%) are on properties with any active HUD rental assistance contract. HUD’s mortgage file marks 47 loans (50.5%) as low-income housing tax credit properties and 33 as tax-exempt bond financed.
What stands out in District of Columbia
- HUD’s file flags 50.5% of District of Columbia’s loans as tax-credit (LIHTC) properties, versus 21.2% for the national portfolio.
- Section 232 healthcare loans make up 3.2% of active loans in District of Columbia, compared with 25.7% for the national portfolio.
- Risk-sharing loans made with state housing finance agencies make up 21.5% of active loans in District of Columbia, compared with 8.8% for the national portfolio.
- 221(d)(4) construction and substantial rehab loans make up 20.4% of active loans in District of Columbia, compared with 13.7% for the national portfolio.
- 10.8% of active loans in District of Columbia were endorsed in 2023 or later (17.6% for the national portfolio), so a smaller share of the book carries post-2022 coupons.
The bridge-to-HUD angle in District of Columbia
HUD’s production database shows 24 apartment loans in District of Columbia reaching initial endorsement from FY2022 through FY2026 ($398.3 million). FY2026 produced 3, level with 3 in FY2024. 7 of them were 223(f) purchase or refinance loans, each of which either funded an acquisition or replaced other debt such as a bank, CMBS, construction or bridge loan.
Because 54% of the existing HUD loans here carry rates below 4.00%, few current HUD borrowers in District of Columbia have a rate reason to refinance. New HUD volume depends mostly on properties that come to HUD from other debt, which is where a bridge loan sized to a HUD exit fits.
11 loans in District of Columbia carry note rates of 6.00% or higher. For those borrowers the streamlined option is a 223(a)(7) refinance when permanent rates allow; Bravo’s 223(a)(7) guide covers eligibility and process.
221(d)(4) construction loans are 20% of the book, so a pipeline of recently completed properties exists. Owners that financed construction conventionally often use a short bridge through lease-up and then refinance with HUD 223(f); see lease-up to HUD 223(f).
For a transaction-specific view, Bravo Capital reviews bridge-to-HUD and HUD 223(f) requests through its loan inquiry.
More HUD data for District of Columbia
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
How many HUD multifamily loans are active in District of Columbia?
HUD’s active insured mortgage file lists 93 FHA-insured multifamily and healthcare loans in District of Columbia with $1.4 billion of amortized principal balance, covering 11,937 units or beds, as of the October 2026 release.
What interest rates do HUD loans in District of Columbia carry?
The balance-weighted note rate is 3.66%. The most common band is 3.00% to 3.99% (29.0% of loans), and 11.8% of loans carry rates of 6.00% or higher. Rates exclude the mortgage insurance premium.
Who holds the most HUD loans in District of Columbia?
DC Housing Finance Agency is holder of record on 13 loans (14.0%) in HUD’s file. The holder of record is often the servicer or Ginnie Mae issuer, which can differ from the lender that originated the loan.
How much HUD debt in District of Columbia matures soon?
6 loans (6.5%) mature by the end of 2031. Most HUD loans are fully amortizing over 35 to 40 years, so maturities are spread thinly and refinancing is usually driven by rates, cash-out needs or a sale rather than a maturity date.
Created by Bravo Capital, a HUD-approved MAP and LEAN lender, and expert-reviewed by the Bravo Capital HUD Underwriting Team. Figures are computed from HUD public data files listed above. Last updated . This page is educational and is not a credit decision or commitment to lend.