HUD lender profile
Davis-Penn Mortgage Co.: HUD multifamily lending record
HUD insured 12 multifamily loans with Davis-Penn Mortgage as lender in FY2022-FY2026, for $147 million and 1,355 units. That is 0.2% of all HUD multifamily dollars in those years and #48 among lenders.
- HUD files it as DAVIS-PENN MORTGAGE CO
- MAP On HUD's MAP lender list as of September 16, 2026
- Endorsement data run October 8, 2026
What the numbers say
It had no initial endorsements in FY2026; its most recent was September 4, 2025.
223(f) was its largest program at 79% of five-year dollars, followed by NC/SR at 21%.
It lent in 4 states; Texas was the largest at 88% of dollars.
Its median loan was $7.3 million, below the $14.3 million median for all HUD multifamily endorsements in the same years.
On 223(f) loans, the median time from firm commitment to initial endorsement was 60 days (10 loans), against 87 days for all lenders, 27 days faster.
1 of its 12 loans (8%) carried low-income housing tax credits, against 32% across all HUD multifamily endorsements.
HUD volume by fiscal year
- 223(f)
- New construction / sub rehab
- Other programs
| FY | Loans | Dollars | 223(f) | NC/SR | Rank | |
|---|---|---|---|---|---|---|
| FY2025 | 6 | $41.1M | 5 | 1 | #39 | |
| FY2023 | 2 | $13.3M | 2 | 0 | #49 | |
| FY2022 | 4 | $92.7M | 3 | 1 | #34 | |
| FY2021 | 7 | $161M | 4 | 2 | #33 | |
| FY2020 | 8 | $166M | 4 | 3 | #28 | |
| FY2019 | 10 | $105M | 4 | 6 | #30 | |
| FY2018 | 6 | $115M | 2 | 4 | #32 | |
| FY2017 | 9 | $125M | 4 | 5 | #25 | |
| Since FY2001 | 252 | $2.44B | ||||
Program columns count loans. Rank is by dollars among all HUD multifamily lenders that fiscal year.
Program mix, FY2022-FY2026
| Program | Loans | Dollars | Median loan |
|---|---|---|---|
| 223(f) purchase or refinance | 10 | $117M | $6.5M |
| New construction or substantial rehab (221(d)(4), 220, 231, 213) | 2 | $30.3M | $15.2M |
Firm commitment to closing
Days from the firm commitment date HUD records to initial endorsement, for this lender's FY2022-FY2026 loans. This is the last stretch of a HUD deal, after underwriting is done; it is not the whole timeline from application.
- All its loans with both dates (12)
- 60 days median
- Middle half of its loans
- 50-95 days
- 223(f) (10 loans)
- 60 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2025-09-04 | Sunset Terrace · TX | 223(f) | $6.9M |
| 2025-05-15 | Copperwood at Kay and Young Apartments · TX | 223(f) | $6.1M |
| 2025-01-31 | Camellia Court Apartments · TX | NC/SR | $9.4M |
| 2024-11-26 | Las Canteras Apartments · TX | 223(f) | $8.2M |
| 2024-11-26 | Mesquite Terrace Apartments · TX | 223(f) | $5.9M |
| 2024-10-31 | Labor Plaza · MN | 223(f) | $4.6M |
| 2023-02-23 | Mount Pleasant Place Apartments · WI | 223(f) | $5.5M |
| 2022-12-15 | Weeks Field Estates · AK | 223(f) | $7.8M |
| 2022-09-29 | Silverwood at Hackberry Creek · TX | 223(f) | $23.4M |
| 2021-12-21 | Northwest Village Apartments · TX | 223(f) | $3.9M |
| 2021-12-16 | Harbor Shores Apartments Phase II · TX | NC/SR | $20.9M |
| 2021-11-23 | Fairmont Museum District I · TX | 223(f) | $44.5M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| Fairmont Museum District I · TX | 223(f) | $44.5M |
| Silverwood at Hackberry Creek · TX | 223(f) | $23.4M |
| Harbor Shores Apartments Phase II · TX | NC/SR | $20.9M |
| Camellia Court Apartments · TX | NC/SR | $9.4M |
| Las Canteras Apartments · TX | 223(f) | $8.2M |
| Weeks Field Estates · AK | 223(f) | $7.8M |
| Sunset Terrace · TX | 223(f) | $6.9M |
| Copperwood at Kay and Young Apartments · TX | 223(f) | $6.1M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists Davis-Penn Mortgage Co as servicer on 100 apartment loans with $857 million of balance and 12,853 units. The median note rate on that book is 3.40%. 75 of the loans carry a rate under 4%. HUD lists the same name as holder of 100 loans.
- 223(f)
- 58 loans
- 221(d)(4)
- 29 loans
- 223(a)(7)
- 13 loans
Largest servicing states: Texas (71), Louisiana (7), Minnesota (4), New York (4), Michigan (2), Alaska (1).
Compare it with the rest of the market in the HUD lender league table, see what recent loans closed at on HUD rates, or read how the 223(f) and 221(d)(4) programs work.
Get your HUD loan in front of several lenders
Janover Capital is an advisor, not a lender, and is not affiliated with Davis-Penn Mortgage or HUD. Tell us about the property and the desk will tell you which HUD lenders fit the deal.