HUD lender profile
Walker & Dunlop, LLC: HUD multifamily lending record
HUD insured 163 multifamily loans with Walker & Dunlop as lender in FY2022-FY2026, for $4.61 billion and 28,114 units. That is 7.2% of all HUD multifamily dollars in those years and #4 among lenders.
- HUD files it as WALKER AND DUNLOP LLC
- MAP On HUD's MAP lender list as of September 16, 2026
- Endorsement data run October 8, 2026
What the numbers say
In FY2026 it closed 39 HUD loans for $1.20 billion, up 63% from FY2025 and ranking #4 among HUD multifamily lenders that year.
NC/SR was its largest program at 50% of five-year dollars, followed by 223(f) at 46%.
It lent in 34 states; Tennessee was the largest at 16% of dollars.
Its median loan was $23.0 million, above 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 76 days (92 loans), against 87 days for all lenders, 11 days faster.
31 of its 163 loans (19%) 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 | |
|---|---|---|---|---|---|---|
| FY2026 | 39 | $1.20B | 22 | 14 | #4 | |
| FY2025 | 22 | $737M | 10 | 11 | #3 | |
| FY2024 | 20 | $462M | 11 | 8 | #5 | |
| FY2023 | 23 | $632M | 15 | 8 | #5 | |
| FY2022 | 59 | $1.58B | 34 | 20 | #3 | |
| FY2021 | 92 | $2.17B | 37 | 13 | #5 | |
| FY2020 | 57 | $1.39B | 26 | 18 | #5 | |
| FY2019 | 38 | $686M | 16 | 21 | #3 | |
| FY2018 | 56 | $1.25B | 28 | 23 | #3 | |
| FY2017 | 52 | $1.17B | 28 | 18 | #4 | |
| Since FY2010 | 769 | $14.76B | ||||
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 |
|---|---|---|---|
| New construction or substantial rehab (221(d)(4), 220, 231, 213) | 61 | $2.30B | $36.1M |
| 223(f) purchase or refinance | 92 | $2.11B | $18.8M |
| 241(a) supplemental loan | 5 | $112M | $15.5M |
| 223(a)(7) streamlined refinance | 5 | $79.3M | $4.3M |
Where it lends
| State | Loans | Dollars |
|---|---|---|
| Tennessee | 31 | $750M |
| Virginia | 13 | $466M |
| Massachusetts | 11 | $191M |
| California | 10 | $333M |
| Texas | 10 | $421M |
| Florida | 9 | $272M |
| Wisconsin | 7 | $160M |
| North Carolina | 7 | $169M |
| Rhode Island | 6 | $135M |
| Pennsylvania | 5 | $33.1M |
| Louisiana | 5 | $152M |
| Arizona | 5 | $177M |
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 (163)
- 78 days median
- Middle half of its loans
- 62-111 days
- 223(f) (92 loans)
- 76 days
- NC/SR (61 loans)
- 81 days
- 223(a)(7) (5 loans)
- 89 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2026-09-29 | The Reunion Apartments · OK | 223(f) | $12.0M |
| 2026-09-22 | Gladstone Place Apartments · UT | 241(a) | $21.3M |
| 2026-09-17 | Academy Apartments · MA | 223(f) | $14.6M |
| 2026-08-27 | Mcminn Village Apartments · TN | 223(f) | $9.2M |
| 2026-08-07 | Park Valley Townhomes · UT | 223(f) | $56.2M |
| 2026-08-04 | Vintage Knoxville West · TN | NC/SR | $50.0M |
| 2026-07-29 | Mac on 5th · TN | NC/SR | $32.2M |
| 2026-07-28 | Columbia Apartments · TN | NC/SR | $43.0M |
| 2026-06-30 | Attain at Swift Creek · VA | NC/SR | $79.9M |
| 2026-06-25 | Billy G. Mills Manor · CA | 223(f) | $28.9M |
| 2026-06-24 | Greensburg Village · KY | 223(f) | $4.1M |
| 2026-06-04 | Hampshire Village · MD | 223(f) | $11.0M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| 1055 N. Clermont · CO | NC/SR | $130M |
| Enclave Heritage Flats · CA | 223(f) | $102M |
| Riverdale Osborne Towers · NY | 223(f) | $100M |
| Attain at Swift Creek · VA | NC/SR | $79.9M |
| Hugo Apartments · IL | NC/SR | $75.0M |
| Vintage Lake Powell (fka Mor Carillon) · FL | NC/SR | $72.8M |
| Arlington Heights Gateway - 1 · IL | NC/SR | $72.0M |
| Enclave Town Center · CA | 223(f) | $70.2M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists Walker and Dunlop LLC as servicer on 745 apartment loans with $10.52 billion of balance and 102,108 units. The median note rate on that book is 3.70%. 443 of the loans carry a rate under 4%. 6 mature within five years. HUD lists the same name as holder of 739 loans.
- 223(f)
- 404 loans
- 221(d)(4)
- 172 loans
- 223(a)(7)
- 147 loans
- Other
- 15 loans
- 241(a)
- 7 loans
Largest servicing states: Tennessee (98), Massachusetts (52), Texas (39), California (37), Georgia (37), Michigan (35).
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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