Our FHA experts can help you leverage HUD’s stable lending platform, certainty of execution, and explicit federal government guarantee to get the capital you need, when you need it. 

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Our expertise

A leading lender

With billions in our loan portfolio, we are a proven leader for FHA lending.  


FHA/HUD Construction Lender in 2023


HUD Multifamily Lender in 2023

Our approach

Knowledge to get deals done

We deliver — every time. Our success rate with HUD based on firm applications is close to 100 percent. Our experts have worked with every HUD financing scenario: Low Income Housing and Historic tax credits, Opportunity Zones, historical/adaptive reuse, Section 8, RAD, and even permanent supportive housing projects.

Seasoned experts

Our specialists have decades of commercial real estate experience, developers in the FHA space, and originators who formerly served as HUD-certified underwriters.

Strong agency relationships

Our strong agency relationships mean that we are always in the know regarding the latest rules, changes, and opportunities to maximize the potential for your project.

Certainty of execution

Our approved status as both a Multifamily Accelerated Processing (MAP) and Section 232 Lean lender, combined with our vast experience across all HUD programs, help to ensure certainty of execution, swift processing, and consistently reliable service.

by the numbers

Unrivaled experience

Our seasoned experts know the complex ins and outs of HUD financing and apply that knowledge to every deal we do.   


loan Servicing Portfolio as of 12/31/23


Total HUD Originations in 2020–2022


Loans Completed in 2022


HUD Loan Servicing Portfolio as of 12/31/23

Term Sheets

223(f) FHA Multifamily Program Summary

223(f) Purchase or Refinance of Apartments

232-223(f) LEAN Healthcare Facility Mortgages

HUD Recently Constructed

223(a)7 and 232-233(a)7 Streamline Refinance of Existing HUD Loans

HUD Interest Rate Reduction (IRR)

221(d)4 and 220 Age Restricted

Case study


Arlington, VA

Asset Class

Affordable Housing





Fund Source





Closed 5/19/2023

Park Shirlington Apartmet Complex

The situation

Standard Properties chose Walker & Dunlop when seeking refinancing for its Park Shirlington apartment complex due to HUD 221(d)4’s complex requirements. With W&D’s specialized expertise in this type of financing, the client aimed to convert the property to a long-term affordable housing solution.

The solution

Converting this market-rate property into affordable housing is a small but necessary step forward at a time when economical options are in short supply. We secured more than $46 million in financing, which allowed for substantial renovations to all units, as well as a new clubhouse and leasing office. Through the LIHTC, 100% of the units are now affordable and designated for families earning 60 percent AMI.

Creative financing solutions exist for developers, investors, and property owners who want to grow their portfolios while making a difference in the current housing crisis."

Chris Rumul
Senior Managing Director, FHA Finance

The team at Walker & Dunlop were extremely professional and efficient in their execution of the processing and closing of our loans. I was impressed by the way they were able to look ahead, anticipate potential challenges, and make adjustments before issues actually came up. The team saved us time and money and we look forward to working with them again on our next transaction."

Rick Stern

Partner, Regency Senior Living

Contact an expert

When you need an FHA /HUD expert, you need W&D. Get in touch today to discuss your unique needs.


Our comprehensive CRE platform offers you both entity-level and property-level finance and advisory services.

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Specialties & Sectors

Affordable, multifamily, industrial, and more…you name it and we have the skills and expertise to handle it.

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