September 2026 HUD file
HUD-insured apartment loans in Michigan
477 properties with 62,528 units carry FHA-insured mortgages in Michigan, with $4.1 billion still owed. The median note rate is 3.25%, and 351 of them are below 4%.
477insured loans
3.25%median note rate
$4.1 billionbalance outstanding
5.54%median on loans endorsed in the last 12 months, all states
By program
| 223(f) purchase or refinance | 318 |
|---|---|
| 221(d)(4) construction or substantial rehab | 49 |
| 223(a)(7) refinance | 101 |
| HFA risk-sharing | 7 |
| 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 |
|---|---|---|---|---|---|
| Grandview Apartments | Grand Rapids | 192 | 2.07% | $11.4 million | 2055 |
| Willow Creek Apartments | Kalamazoo | 162 | 2.09% | $7.7 million | 2055 |
| Summit Creek Apartments | Canton | 153 | 2.1% | $10.6 million | 2052 |
| Fairlane Woods | Dearborn | 288 | 2.12% | $27.2 million | 2056 |
| Maple Village Apartments | Southgate | 240 | 2.13% | $17.2 million | 2056 |
| Village Place Apartments | South Rockwood | 225 | 2.15% | $10.5 million | 2055 |
| Ridgecrest Village Apartments | Flint | 163 | 2.15% | $6.2 million | 2057 |
| The Glens at Rolling Ridge | Howell | 201 | 2.16% | $17.1 million | 2056 |
| Winchell Way Apartments | Kalamazoo | 168 | 2.18% | $9.0 million | 2055 |
| Fairmont Park Apartments | Farmington Hills | 377 | 2.19% | $40.8 million | 2056 |
| Forest Park | Detroit | 160 | 2.2% | $12.3 million | 2056 |
| Villlage of Holly Woodlands Phase I | Holly | 71 | 2.2% | $4.8 million | 2056 |
| Woodview Village Apartments | Marquette | 124 | 2.21% | $6.5 million | 2056 |
| Hidden Cove Estates | Plymouth | 111 | 2.22% | $7.5 million | 2056 |
| Milham Meadows Apartments | Portage | 300 | 2.23% | $18.4 million | 2060 |
Filter every state in the assumable-loan finder
By city
- Detroit 49
- Grand Rapids 29
- Kalamazoo 18
- Lansing 14
- East Lansing 11
- Muskegon 10
- Ann Arbor 9
- Ypsilanti 9
- Canton 8
- Flint 8
- Jackson 8
- Clinton Township 7
- Howell 7
- Pontiac 7
- Southgate 7
- Midland 6
- Novi 6
- Rochester Hills 6
- Saginaw 6
- Westland 6
- Farmington Hills 5
- Holland 5
- Madison Heights 5
- Niles 5
- Sterling Heights 5
- Taylor 5
- Troy 5
- Washington 5
- Auburn Hills 4
- Highland Park 4
- Holt 4
- Kentwood 4
- Marquette 4
- Plymouth 4
- Port Huron 4
- Portage 4
- Royal Oak 4
- Traverse City 4
- Warren 4
Everywhere else in Michigan
- Adrian Village Adrian · 3.73%
- Friendship Place Adrian · 3.8%
- Bridgeport Apartments Allegan · 3.7%
- Grand Ravine Senior Housing Allegan · 4.58%
- Luther Community Manor Alpena · 4.75%
- Bramblewood Cooperative Bangor Township · 4%
- Bent Tree Battle Creek · 5.27%
- Limewood Apartments Battle Creek · 3.1%
- Bradley House Bay City · 2.85%
- Maplewood Manor Bay City · 3.42%
- Orchard Manor Apartments Bay City · 3.4%
- Columbia Court Belleville · 6.375%
- Benton Manor Apartments Benton Harbor · 3.6%
- 555 Residences Birmingham · 3.9%
- Little Blue Lake Blue Lake · 2.5%
- Mill Pond Manor Brighton · 2.63%
- Redwood Brownstone Telegraph Brownstown · 6.07%
- Golden Horizon Apartments Calumet · 2.9%
- Caro Senior Commons Caro · 3%
- Spring Valley Apartments Caspian · 3.35%
- Stone Lake Woods Cassopolis · 3.75%
- Legacy Parke Charlotte · 3.1%
- Grebe Village Cheboygan · 3.3%
- Lighthouse Village Cheboygan · 2.9%
- Encore at Deerhill Clarkston · 3.12%
- Insignia Apartments Clarkston · 5.92%
- Legends Fox Creek Clarkston · 2.37%
- Roxbury Court Apts Clio · 3.45%
- Coldwater Crossings Coldwater · 6.75%
- Redwood Commerce Twp (four Seasons) Commerce Township · 6.07%
- Alpine Slopes Apartments Comstock Park · 2.38%
- Fairlane Woods Dearborn · 2.12%
- Normandy Apts Dearborn · 3.7%
- Village Park Apartments Dearborn · 5.489%
- Dearborn Heights Coop Apts Dearborn Heights · 2.55%
- Quarry Village Apartments Dewitt · 5.63%
- Redwood Dewitt W Clark Rd (mi P1) - Phase I Dewitt · 5.45%
- The Quarry Apartments Dewitt · 4.5%
- Misty Cove Apts Dimondale · 4.5%
- Indian Hills Apartments Dowagiac · 5.5%
- Renaissance Estates of Ecorse Phase I Ecorse · 3.57%
- Renaissance Estates of Ecorse Phase II Ecorse · 3.58%
- Sand Hill Townhomes Escanaba · 3.55%
- Pineview Apartments Essexville · 2.93%
- Village Square Apartments Essexville · 3.05%
- Ausable Valley Apartments Fairview · 3.73%
- Farmington Place Apartments Farmington · 3.1%
- 409 on Nine Ferndale · 3.99%
- Flat Rock Co Op Apartments Flat Rock · 4.19%
- Cedarwood Senior Apartments Flushing · 5.4%
- Elmcrest Village Flushing · 2.49%
- River Manor Apartments Galesburg · 3.8%
- Garden Tower Garden City · 2.48%
- Pines 45 Gaylord · 5.7%
- Redwood Grand Blanc (banbury) Grand Blanc · 2.55%
- Pinewood Place Pinewood Apartments Grand Haven · 2.48%
- Grand Heritage Manor Grandville · 5.53%
- Central Park Apartments Greenville · 2.73%
- Park Place of Harper Woods Harper Woods · 2.97%
- Ahepa 371 II Apartments Harrison Township · 5.45%
- Clinton Manor Apartments Harrison Township · 2.53%
- San Remo Villa Harrison Township · 3.45%
- Grange Acres Phase I Haslett · 3.7%
- Grange Acres Phase II Haslett · 3.57%
- Grange Acres Phase Iii/iv Haslett · 3.57%
- American House-Hazel Park Hazel Park · 2.38%
- Hazel Park Manor Hazel Park · 2.55%
- Hazelcrest Place Hazel Park · 2.5%
- Highland Haven Highland · 3.35%
- Greenwood Village Hillsdale · 3.4%
- Hillsdale Garden Apartments Hillsdale · 3.63%
- Villlage of Holly Woodlands Phase I Holly · 2.2%
- Arbor Green Houghton · 2.65%
- Pineview Apartments Houghton · 3.25%
- Highbrook Townhomes Hudsonville · 3.45%
- Thompson Tower Inkster · 4.06%
- Riverbend Apartments Jenison · 4.35%
- Village at Rivers Edge Kalkaska · 2.4%
- Heritage Place Apartments Lake Orion · 3.48%
- Heron Spring Townhomes & Apartments Lake Orion · 2.65%
- Park Plaza Apartments Lincoln Park · 2.85%
- Friendship Village Litchfield · 6.35%
- Apple Ridge Apartments Livonia · 3.1%
- Woodbridge Apartments Livonia · 3.03%
- Zlegler Place Apartments Livonia · 3.54%
- Pine Way Townhomes Ludington · 2.74%
- Redwood Macomb Sycamore Glen- Phase II Macomb · 2.64%
- Aspen Grove Marysville · 2.28%
- Mason Hills Apartments Mason · 2.55%
- Perry Square Apartments Melvindale · 4.08%
- Interfaith Manor Menominee · 3.55%
- The Marquette Milford · 3.25%
- Frenchtown Place Monroe · 3.39%
- Woodcraft Square Monroe · 2.95%
- Shawl II Montague · 3.03%
- Bristol Court Apartments Mount Morris · 2.95%
- Immanuel Village Mt Pleasant · 4.13%
- Woodview Apartments Newaygo · 3.48%
- Beverly Hills Apts North Muskegon · 4.09%
- Cedar Lake Apartments Northville · 2.76%
- Maincentre Apartments Northville · 2.55%
- Gallery Place II &iii Norton Shores · 2.65%
- Hampton of Norton Shores Norton Shores · 2.63%
- Lake Forest Apartments Norton Shores · 2.62%
- Oaks on Lincoln Oak Park · 3.03%
- Prentis I Senior Apartments Oak Park · 2.8%
- Prentis II Oak Park · 3.22%
- Tribute Creek Apartments Oakland Township · 2.28%
- Berrytree Apartments Okemos · 2.315%
- Campus Hill Apartments Okemos · 4.99%
- Knob Hill Apartments Okemos · 2.37%
- Lynn Street Manor Onaway · 3.78%
- Pennbrook Apartments Owosso · 3.09%
- Hillside Club Apartments Phase I Petoskey · 3.58%
- Riverview Terrace Petoskey · 2.49%
- Emerald Place Apartments Plainwell · 5.03%
- Parkers Landing Portland · 2.63%
- Coventry Place Redford · 3.63%
- Villages of Redford Cottages Redford · 2.94%
- Rivergreen Apartments Riverview · 2.3%
- Great Oaks Apartments Rochester · 2.74%
- Richter Place Apartments Rockford · 6.375%
- Romulus Tower Romulus · 5.97%
- Whispering Willows Romulus · 2.55%
- Woodside Square Romulus · 2.3%
- Castle St. John Apartments Saint Johns · 3.35%
- East Side Manor Sandusky · 6.75%
- Mill Creek Meadows West Apts Saranac · 3.85%
- Edge of the Woods Sault Sainte Marie · 2.29%
- Cedar Park Senior Housing Schoolcraft · 6.05%
- Aria of Shelby Shelby Township · 4.37%
- Foxcroft of Shelby Apartments Shelby Township · 3.95%
- Mid-Town Park Apartments Shelby Township · 4.7%
- River Ridge Village Smiths Creek · 5.75%
- Briar Hills Townhouses South Haven · 4.44%
- Village Place Apartments South Rockwood · 2.15%
- Solaire Apartments Southfield · 2.55%
- Woodbridge Apartments Southfield · 5.84%
- Evergreen Village Spring Lake · 5.72%
- Mill Point Place Apartments Spring Lake · 3.35%
- Preserve Townhomes Spring Lake · 2.99%
- Froh Manor Apartments Sturgis · 4.21%
- Redwood Superior Twp (sutton Ridge) Superior Township · 2.54%
- Cross Creek Apartments Temperance · 3.2%
- Luther Haus Temperance · 2.47%
- Southwicke Sq Coop 1 Trenton · 4.29%
- Trenton Towers Trenton · 2.64%
- Encore Townhomes I Utica · 3.45%
- Encore Townhomes II Utica · 3.09%
- Pineridge Apartments Walker · 3.07%
- Walker Village Apartments Walker · 4.75%
- Waterford Meadows Apts Waterford · 2.62%
- Lakeland Place Wayne · 3.32%
- Tae Keuk Village Apartments Wayne · 6.15%
- Arbors of West Bloomfield West Bloomfield · 3.31%
- Town Court West Bloomfield · 3.77%
- Redwood White Lake (worthington Csg) P2 White Lake · 2.38%
- Shawl Apartments Whitehall · 3.78%
- Westbrook Apartments Whitmore Lake · 2.27%
- Wyandotte Cooperative Wyandotte · 3.75%
- Pinery Park Apartments Wyoming · 3.25%
- Haven Huis Zeeland · 5.88%
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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