HUD 232 Amortization

Are HUD 232 Loans Fully Amortizing?

Are HUD 232 Loans Fully Amortizing?

When a loan is amortizing, it means that each payment a borrower makes is going to pay off both a portion of the interest and the principal. If a loan is fully amortizing, it means that the entire principal will have been paid off by the end of the loan term. In general, all HUD 232 loans are fully amortizing.