Resources

HUD 221(d)(4) Glossary

Ever feel like you need a dictionary when you read a government document? You're not alone. Here's a quick guide to common terms used by HUD and FHA.

What Is DSCR (Debt Service Coverage Ratio)?

2024-12-20

What is Underwriting?

2019-06-14

What is Subsidized Affordable Housing?

2018-11-23

What is Single Room Occupancy (SRO) Housing?

2018-11-23

What is Substantial Renovation?

2018-11-23

What is Sponsor's Profit and Risk Allowance (SPRA)?

2018-11-23

What is a Recourse Loan?

2018-11-22

What is a Pro Forma?

2018-11-22

What are Seismic Reports?

2018-11-22

What are Multifamily Rentals?

2018-11-22

What is Prepayment?

2018-11-22

What are Replacement Reserves?

2018-11-22

What is a Non-Recourse Loan?

2018-11-22

What are Rental Assistance Properties?

2018-11-22

What is the Low Income Housing Tax Credit (LIHTC) Program?

2018-11-22

What is Loan-to-Cost Ratio (LTC)?

2018-11-22

What is FHA Mortgage Insurance?

2018-11-22

What is a HUD-Approved Lender?

2018-11-22

What are Fixed Rate Mortgages?

2018-11-22

What is Low-to-Moderate Income Housing?

2018-11-22

What is the Department of Housing and Urban Development (HUD)?

2018-11-22

What is a HUD-Held Loan?

2018-11-22

What is Leverage?

2018-11-22

What is MIP (Mortgage Insurance Premium)?

2018-11-22

What is an Interest-Only Fixed Rate Loan?

2018-11-22

What is Multifamily Accelerated Processing (MAP)?

2018-11-22

What are Government National Mortgage Association (GNMA) Mortgage Backed Securities?

2018-11-22

What is Market Rate Housing?

2018-11-22

What are FHA-Insured Loans?

2018-11-22

What are Elderly Developments?

2018-11-22

What are Fair Market Rents (FMRs)?

2018-11-22

What is the Fair Housing Act?

2018-11-22

What is an Engineering Report?

2018-11-22

What is the FHA (Federal Housing Administration)?

2018-11-22

What is Escrow?

2018-11-22

What is Builder and Sponsor’s Profit and Risk Allowance (BSPRA)?

2018-11-21

What is an Appraisal?

2018-11-21

What is an Affordable Property?

2018-11-21

What is the Davis-Bacon Act?

2018-11-21

What is Assumability?

2018-11-21

What is an Architectural Report?

2018-11-21

What is Cooperative Housing?

2018-11-21

What is Amortization?

2018-11-21

What are Basis Points?

2018-11-21

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