Rockport Mortgage Corporation is an approved FHA Mortgagee and actively underwrites, funds and services FHA insured mortgage loans on multifamily housing, seniors housing, assisted living and skilled care properties nationwide. RMC is also a Multifamily Accelerated Processing "MAP" approved Lender.

The multifamily market today is witnessing a number of "derivative" products and structures that attempt to achieve the lowest rates. Nonetheless, government programs such as FHA mortgage insurance still provide one of the most attractive long term, non-recourse, permanent financing vehicles for projects that qualify from both a programmatic and financial perspective. With the FHA's implementation of "MAP", processing time has been reduced to as few as 45 days in HUD offices.

As the mortgage insurance provider of HUD, FHA will insure mortgages to finance the acquisition, new construction, substantial rehabilitation and refinance of multifamily projects nationwide. Loans are funded on a taxable basis, can be swapped for Government National Mortgage Association Mortgage-Backed Securities, or can be used as credit enhancement for tax-exempt bond issues. Projects can be insured by FHA "market" rate, affordable housing, or low-income housing programs. HUD does not require low-income tenancy set-asides nor does it impose rent limits on insured projects, though the use of tax-exempt bonds or low income housing tax credits can trigger these requirements.

The FHA Mortgage Insurance Programs are available and may provide the most practical and attractive financing mechanism for financing the following: