September 2026 HUD file
HUD-insured apartment loans in Alabama
178 properties with 21,657 units carry FHA-insured mortgages in Alabama, with $1.4 billion still owed. The median note rate is 3.8%, and 99 of them are below 4%.
178insured loans
3.8%median note rate
$1.4 billionbalance outstanding
5.54%median on loans endorsed in the last 12 months, all states
By program
| 223(f) purchase or refinance | 76 |
|---|---|
| 221(d)(4) construction or substantial rehab | 35 |
| 223(a)(7) refinance | 65 |
| Older and other programs | 2 |
Lowest rates with 10+ years left
These are the loans a buyer would most want to assume. Open one for the payment math.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| The Reserve Apartments | Mortgomery | 288 | 2.12% | $21.7 million | 2056 |
| Summer Lake Apartments | Smiths Station | 270 | 2.15% | $22.8 million | 2056 |
| Arbors at Cahaba River | Birmingham | 348 | 2.18% | $34.9 million | 2056 |
| Claiborne Arms Apartments | Theodore | 72 | 2.18% | $3.0 million | 2056 |
| The Crossings at Cottage Hill (fka Creeksid | Mobile | 182 | 2.24% | $14.1 million | 2061 |
| The Phoenix Building | Birmingham | 74 | 2.24% | $5.1 million | 2056 |
| Autumn Chase | Mobile | 120 | 2.25% | $3.6 million | 2053 |
| The Park Apartment Homes | Prattville | 259 | 2.27% | $33.0 million | 2056 |
| The Villas at Titusville Phase I | Birmingham | 100 | 2.27% | $3.7 million | 2056 |
| Morgan at Eastchase Apartments | Montgomery | 216 | 2.34% | $17.9 million | 2061 |
| E D Nixon Apartments | Tuskegee | 42 | 2.36% | $1.4 million | 2048 |
| Saddleback I II and III | Montgomery | 360 | 2.45% | $21.5 million | 2056 |
| Rock Island Ridges at Riverchase | Phenix City | 346 | 2.54% | $37.7 million | 2061 |
| Avia Apartments | Vestavia Hills | 162 | 2.54% | $23.8 million | 2057 |
| Oak Ridge Apartments | Mobile | 124 | 2.54% | $3.4 million | 2055 |
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Paying off within five years
Most HUD loans amortize to zero, so these balances are usually small. The owners are deciding what to do with a nearly paid-off property.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| Eastridge Apts | Greensboro | 50 | 8.5% | $21,693 | 2027 |
| Avalon Park Apts | Muscle Shoals | 60 | 8.5% | $28,719 | 2027 |
| Pinewood Apartments | Camden | 60 | 8.5% | $37,987 | 2027 |
| Brent Gardens Apts | Centreville | 50 | 4.995% | $27,926 | 2028 |
| Elizabet Wright Apts | Montgomery | 101 | 3.65% | $358,684 | 2028 |
| Beech Creek Apartments | Selma | 80 | 6% | $232,195 | 2030 |
| Knollwood Retirement Center | Roanoke | 50 | 3.8% | $488,100 | 2031 |
| Uniontown Apts | Uniontown | 30 | 8.5% | $84,709 | 2031 |
By city
- Birmingham 24
- Mobile 16
- Montgomery 12
- Huntsville 11
- Florence 10
- Dothan 8
- Enterprise 7
- Phenix City 7
- Anniston 6
- Opelika 5
- Tuscaloosa 5
- Daphne 4
Everywhere else in Alabama
- Brookwood Apartemnts Albertville · 7.5%
- Hillabee Towers Alexander City · 3.4%
- Amberwood Apartments Arab · 4.995%
- Atmore Rotary Village Atmore · 3.7%
- Sizemore Apartments Atmore · 2.8%
- Easehouse Apartments Auburn · 3.42%
- Greystone Pointe at Auburn Auburn · 5.28%
- Davis Heights & Asbury Howard Apts Bessemer · 4.23%
- Pines Apartments Bessemer · 6%
- Manor House Boaz · 4.09%
- Arrowood Apartments Boligee · 6.03%
- Pinewood Apartments Camden · 8.5%
- Cherokee Manor Apartments Centre · 4.2%
- Brent Gardens Apts Centreville · 4.995%
- Shelby Woods Columbiana · 3.25%
- Nesmith Park Apartments Cullman · 4.2%
- Dogwood Apts Decatur · 7.5%
- Presbyterian Towers Decatur · 4.1%
- Wesley Acres Apartments Decatur · 4.31%
- Arbours at Demopolis Apts Demopolis · 3.7%
- Beaver Dam Apartments Elba · 6.5%
- Bluff Park Apts Eufaula · 7.5%
- Heritage Apts Eufaula · 5.85%
- W. Clyde Williams Terrace Fairfield · 2.98%
- Ahepa 310 Apartments Phase III Fairhope · 4.95%
- South Oak Residences Foley · 2.62%
- Deerfield Apartments Ft Payne · 7.5%
- Chapel Creek Apartments Fultondale · 2.68%
- Princeton Park Apartments Gadsden · 3.25%
- Eastridge Apts Greensboro · 8.5%
- Magnolia Village Greensboro · 7.5%
- Marbella Luxury Apartments Gulf Shores · 3.94%
- Heflin Oaks Apartments Heflin · 4.5%
- Hobson City Apts Hobson City · 6%
- Argento at Oakland Springs Apartments Madison · 2.83%
- Weston Ranch Madison · 3.16%
- The Reserve Apartments Mortgomery · 2.12%
- Avalon Park Apts Muscle Shoals · 8.5%
- Presbyterian Apartments Northport · 4.25%
- Peach Tree Apts Pine Hill · 8.5%
- Legacy at Summerchase Prattville · 3.04%
- The Park Apartment Homes Prattville · 2.27%
- Knollwood Retirement Center Roanoke · 3.8%
- Regency Plaza Apartments Russellville · 5.35%
- Village Square Apartments Russellville · 5.75%
- Ahepa 310 Apts IV Saraland · 4.95%
- Arbours at Satsuma Satsuma · 4.46%
- Beech Creek Apartments Selma · 6%
- Epworth House Selma · 4.31%
- Summer Lake Apartments Smiths Station · 2.15%
- Summer Lake Apartments Phase II Smiths Station · 2.9%
- Claiborne Arms Apartments Theodore · 2.18%
- Pearson Park Apts Theodore · 7.5%
- Creekview Manor Town Creek · 6.5%
- The Edge at Troy Apartments Troy · 4.35%
- The Garden District (fka District on Dozier) Troy · 3%
- Keller Court Apts Tuscumbia · 6.25%
- E D Nixon Apartments Tuskegee · 2.36%
- Sojourner Apartments Tuskegee · 2.64%
- Cahaba Apts Uniontown · 8.5%
- Uniontown Apts Uniontown · 8.5%
- Sylvia Word Manor Valley · 2.69%
- Avia Apartments Vestavia Hills · 2.54%
Source: HUD, Insured Multifamily Mortgages, active file, current as of September 30, 2026. Apartment loans only; nursing homes, assisted living and hospitals in the same file are not counted.
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