Why Choose FHA Mortgage Insurance for Hospitals?

FHA Credit Enhancement:

• U.S. Government Backing Enhances Your Hospital's Creditworthiness.
• Your Resulting AA to AAA Credit Rating = Lower Interest Rates.
• Lower Interest Rates = More Spending Power to Address Community Needs.

Hospitals That Choose FHA:

• Hospitals in all 50 States and Territories.
• Acute Care Hospitals.
• Critical Access Hospitals.
• Large Urban Teaching Hospitals.
• Hospitals in Systems.
• For-Profit, Not-for-Profit, and Government-Owned Hospitals.

FHA-insured Loan Possibilities:

• Remodeling.
• Expansion.
• Modernization.
• Equipment.
• Refinancing.

Streamlined Application Process:

• Fast-Track Processing Available.
• Reduced Documentation Requirements.
• Seven Loan Commitments Issued in Seven Days in Seven States.
• Median Application Processing Time of 51 days in 2007.

Attractive Loan Terms:

• No Maximum Loan Amount.
• Loan-to-Value May Be Up To 90%.
• No Cash Required At Closing with Sufficient Equity.
• FHA Insures 99% of Loan Amount.

Flexible Funding Options:

• Taxable Bonds.
• Tax-Exempt Bonds.
• Ginnie Mae Securities.
• Whole Loan Placements.

Other FHA Advantages:

• Design-Build Form of Contracting Allowed for Projects less than $30 Million.
• Enable Flexible Loan Covenants.