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HUD Capital Solutions · Senior Housing

HUD 223(a)(7)
Refinance Calculator

Estimate your savings from refinancing existing HUD debt on assisted living, memory care, independent living, skilled nursing, or multifamily properties. The HUD 223(a)(7) program is one of the most cost-effective refinancing tools available for senior housing owners.

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Only for existing HUD debt — 223(a)(7) refinances FHA-insured loans only; cannot be used for new HUD originations
Extend amortization up to the lesser of the original term or remaining term + 12 years, capped at 40 years
Prepayment penalties absorbed — the new loan can include the cost of the prepayment penalty on the existing HUD note
No new appraisal required — 223(a)(7) uses a streamlined underwriting process with reduced documentation requirements
MIP: 0.25% annually for standard loans; potentially lower for energy-efficient or green properties
Eligible properties — assisted living, memory care, IL, skilled nursing, CCRC, and FHA-insured multifamily
HUD 223(a)(7) Refinance Estimator

Calculate Your Potential
Monthly Savings

Enter Your Loan Details All fields update results instantly. Estimates only — not a lender commitment.
Current HUD Loan
New Loan Parameters
Results appear here

Enter your current loan details and new parameters, then click Calculate to see your estimated savings.

Estimated Monthly Savings (P&I + MIP) — — per year
Current Loan
Monthly P&I—
Monthly MIP—
Total Monthly Cost—
Interest Rate—
Remaining Term—
New HUD 223(a)(7) Loan
Monthly P&I—
Monthly MIP—
Total Monthly Cost—
Interest Rate—
New Term—
Loan Summary
Estimated New Loan Amount—
Prepayment Penalty Absorbed—
Estimated Transaction Costs—
Lifetime Interest Savings—
Break-Even on Costs—

Estimates only. This calculator does not constitute a lender commitment or loan approval. Actual loan amount, rate, MIP, and costs vary by lender, market conditions, property type, and HUD program parameters at time of application. MIP rates shown reflect current HUD 223(a)(7) guidelines and are subject to change. Consult a HUD-approved lender and legal counsel before making financing decisions.

Ready to move forward? Haven's capital solutions team connects you with HUD-approved lenders who specialize in senior housing refinancing.

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Program Details

What Is the HUD
223(a)(7) Program?

The HUD 223(a)(7) loan program is exclusively for the refinancing of existing FHA-insured debt on multifamily, assisted living, memory care, independent living, skilled nursing, and healthcare properties. It is one of the most efficient refinancing tools available to senior housing owners — offering a streamlined process, reduced documentation, and the ability to lower the interest rate and extend the amortization on existing HUD-insured debt.

Why it matters: When treasury yields fall, HUD-insured borrowers can use the 223(a)(7) to immediately capture rate savings — without waiting for a lock-out or prepayment period to expire. The new loan can absorb the prepayment penalty on the existing note, making early refinancing economically viable in many market environments.

The net effect is lower monthly debt service, improved cash flow, and a reduced probability of default — which is why HUD actively supports and streamlines this program.

Key Benefits

Lower interest rate — capture current market rates on existing HUD debt without refinancing out of the HUD program
Extended amortization — reduce monthly payments by extending the amortization period up to 40 years
Absorb prepayment penalties — include the cost of the existing prepayment penalty in the new loan amount
No new appraisal — streamlined underwriting uses the existing HUD loan documentation
Non-recourse — like all HUD programs, the 223(a)(7) is non-recourse with standard exceptions
Include transaction costs — loan costs can be wrapped into the new loan balance in most cases
Eligible Property Types & Requirements
Assisted Living: State-licensed AL communities with existing FHA-insured debt under Section 232
Memory Care: Standalone or combined memory care facilities with existing HUD debt
Skilled Nursing Facilities: SNFs insured under Section 232
Independent Living / CCRC: FHA-insured IL and continuing care communities
Multifamily: Section 207, 213, 220, 221(d)(4) or 223(f) insured properties
Existing HUD debt required: Property must have current FHA-insured first mortgage in good standing
Rate reduction required: New rate must be lower than existing rate (typically minimum 0.50% reduction)
Loan in good standing: No delinquency, active regulatory agreements, current MIP payments

Current MIP Rates (2026)

Standard 223(a)(7) 0.25% per year
Non-Profit Borrowers 0.35% per year
Green / Energy Efficient Contact lender

MIP rates are subject to HUD policy changes. Confirm current rates with a HUD-approved lender prior to application.

Ready to Refinance Your
HUD Senior Housing Debt?

Haven's capital solutions team connects senior housing owners with HUD-approved lenders across all asset types — assisted living, memory care, skilled nursing, and independent living. Confidential. No obligation.

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HUD 223 Refinance Calculator for Nursing Homes, Multi-Family, Assisted Living and Healthcare Properties

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