HUD lender profile
HOC Mortgage Finance Program: HUD multifamily lending record
HUD insured 8 multifamily loans with HOC Mortgage Finance Program as lender in FY2022-FY2026, for $442 million and 1,915 units. That is 0.7% of all HUD multifamily dollars in those years and #33 among lenders.
- HUD files it as HOC-MORTGAGE FINANCE PROGRAM
- Endorsement data run October 8, 2026
What the numbers say
In FY2026 it closed 2 HUD loans for $239 million, up 335% from FY2025 and ranking #20 among HUD multifamily lenders that year.
Its HUD book is concentrated: HFA risk share made up 100% of its dollars over five years.
Every one of those loans was in Maryland.
Its median loan was $39.3 million, above the $14.3 million median for all HUD multifamily endorsements in the same years.
7 of its 8 loans (88%) carried low-income housing tax credits, against 32% across all HUD multifamily endorsements.
Most of its HUD volume is Section 542(c) risk sharing, where a state or local housing finance agency underwrites the loan and shares losses with HUD. Those loans are not MAP loans and follow the agency's own process, which is why firm-to-closing times look so different from FHA's full-insurance programs.
HUD volume by fiscal year
- 223(f)
- New construction / sub rehab
- Other programs
| FY | Loans | Dollars | 223(f) | NC/SR | Rank | |
|---|---|---|---|---|---|---|
| FY2026 | 2 | $239M | 0 | 0 | #20 | |
| FY2025 | 1 | $55.0M | 0 | 0 | #36 | |
| FY2023 | 1 | $27.0M | 0 | 0 | #43 | |
| FY2022 | 4 | $121M | 0 | 0 | #29 | |
| FY2021 | 2 | $115M | 0 | 0 | #34 | |
| FY2020 | 6 | $143M | 0 | 0 | #30 | |
| FY2019 | 1 | $70.1M | 0 | 0 | #36 | |
| FY2018 | 1 | $125M | 0 | 0 | #28 | |
| FY2017 | 2 | $32.0M | 0 | 0 | #45 | |
| Since FY2003 | 36 | $1.14B | ||||
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 |
|---|---|---|---|
| 542(c) housing finance agency risk sharing | 8 | $442M | $39.3M |
Where it lends
| State | Loans | Dollars |
|---|---|---|
| Maryland | 8 | $442M |
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 (8)
- 160 days median
- Middle half of its loans
- 35-1154 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2026-08-24 | The Metropolitan · MD | HFA risk share | $94.3M |
| 2026-04-08 | The Sage · MD | HFA risk share | $145M |
| 2025-06-25 | Elizabeth House III Apts. · MD | HFA risk share | $55.0M |
| 2023-03-03 | Upton Phase II · MD | HFA risk share | $27.0M |
| 2022-08-04 | Strathmore Court at White Flint · MD | HFA risk share | $13.7M |
| 2021-12-15 | Willow Manor Properties · MD | HFA risk share | $49.5M |
| 2021-12-15 | Georgian Court · MD | HFA risk share | $29.0M |
| 2021-12-15 | Shady Grove Apartments · MD | HFA risk share | $28.7M |
| 2021-06-30 | Stewartown Homes · MD | HFA risk share | $16.0M |
| 2021-01-28 | Westside Shady Grove Apartments · MD | HFA risk share | $99.3M |
| 2020-09-14 | 900 Thayer Apts · MD | HFA risk share | $16.0M |
| 2020-08-25 | Bauer Park Apartments · MD | HFA risk share | $25.7M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| The Sage · MD | HFA risk share | $145M |
| The Metropolitan · MD | HFA risk share | $94.3M |
| Elizabeth House III Apts. · MD | HFA risk share | $55.0M |
| Willow Manor Properties · MD | HFA risk share | $49.5M |
| Georgian Court · MD | HFA risk share | $29.0M |
| Shady Grove Apartments · MD | HFA risk share | $28.7M |
| Upton Phase II · MD | HFA risk share | $27.0M |
| Strathmore Court at White Flint · MD | HFA risk share | $13.7M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists Hoc-Mortgage Finance Program as servicer on 38 apartment loans with $992 million of balance and 7,009 units. The median note rate on that book is 4.31%. 17 of the loans carry a rate under 4%. 4 mature within five years. HUD lists the same name as holder of 38 loans.
- Risk sharing
- 38 loans
Largest servicing states: Maryland (38).
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.
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