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Updated Requirements for Prepayment and Refinance of Section 202 Direct Loans

HUD published a “frequently asked questions” (FAQ) document for HUD Notice H 2012-08 “Updated Requirements for Prepayment and Refinance of Section 202 Direct Loans.”

The document provides clarifications regarding the prepayment of Section 202 Direct Loans. HUD has categorized the questions into sections such as use of funds, Section 8, debt service savings, etc. HUD will be updating this document as more FAQs on Notice H 2012-08 arise.

A copy of the document may be found here: http://portal.hud.gov/hudportal/documents/huddoc?id=FAQ-Notice-2012-08.pdf

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