While the benefits of FHA MAP and Lean loan programs are numerous, the application and approval process often is more complex and document–intensive than comparable conventional loans. In addition, the length of time between loan engagement and funding can be longer. Consequently, prospective borrowers are well-advised to engage an experienced lender to guide them through the process.
A strong lending partner will offer:
Of equal importance, the lender also should possess constructive and longstanding relationships with FHA staff, their respective regional and field offices, as well as with experienced appraisers and other third parties who form the balance of the loan application team.
RED Mortgage Capital (RED) believes that no other firm meets or exceeds its capabilities in any or all of the aforementioned respects. And, while many may make the claim of being a top leader, we have the numbers to prove that RED was a top originator of HUD-insured multifamily and seniors loans in HUD Fiscal Year 2017.
To support this claim, RED has prepared the following comprehensive 2017 FHA Lender Ranking Summary, which reports and ranks the overall FHA MAP and Lean project loan origination numbers, and further stratifies the data by way of the individual loan programs with respect to firm commitments and closings in Fiscal Year 2017. We hope the summary will help you to evaluate lenders on the basis of their respective product and regional expertise..
To read the full report click here.
RED Capital Group is a wholly owned subsidiary of ORIX Corporation USA