September 2026 HUD file
HUD-insured apartment loans in North Carolina
441 properties with 58,472 units carry FHA-insured mortgages in North Carolina, with $5.3 billion still owed. The median note rate is 3.64%, and 282 of them are below 4%.
441insured loans
3.64%median note rate
$5.3 billionbalance outstanding
5.54%median on loans endorsed in the last 12 months, all states
By program
| 223(f) purchase or refinance | 215 |
|---|---|
| 221(d)(4) construction or substantial rehab | 122 |
| 223(a)(7) refinance | 95 |
| 241(a) supplemental | 5 |
| Older and other programs | 4 |
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 |
|---|---|---|---|---|---|
| Springbrook Apartments | Charlotte | 198 | 2% | $29.1 million | 2063 |
| The Annexe at the Reserve | Wilmington | 144 | 2.04% | $15.9 million | 2056 |
| Tyler's Ridge at Sandhills | Carthage | 144 | 2.14% | $14.3 million | 2055 |
| Arbors at Carolina Forest | Jacksonville | 180 | 2.14% | $13.7 million | 2060 |
| City Block Apartments | Wilmington | 112 | 2.18% | $13.5 million | 2055 |
| Abbotts Creek Apartments | Kernersville | 384 | 2.19% | $34.8 million | 2057 |
| Burke Ridge Crossing Apartments | Winston-Salem | 336 | 2.19% | $30.9 million | 2056 |
| Fairmarket Plaza Apartments | Charlotte | 121 | 2.19% | $9.2 million | 2055 |
| A.r.p. Manor | Gastonia | 100 | 2.22% | $4.4 million | 2053 |
| Berkshire Park Apartments | Knightdale | 288 | 2.23% | $33.9 million | 2057 |
| South Park Village | Sanford | 288 | 2.23% | $26.0 million | 2056 |
| The Hub on Harris | Charlotte | 216 | 2.25% | $30.7 million | 2064 |
| Reserve at Jacksonville Commons Apartme | Jacksonville | 384 | 2.25% | $24.5 million | 2057 |
| Laurel View Apartments | Concord | 174 | 2.25% | $21.3 million | 2055 |
| South Emerson Hills Apartment Homes | Kannapolis | 198 | 2.26% | $36.6 million | 2065 |
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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 |
|---|---|---|---|---|---|
| Church Manor | Kinston | 40 | 4.95% | $84,087 | 2027 |
| Six Churches Plaza | Kinston | 110 | 4.7% | $228,372 | 2027 |
| Briarcliff Manor Apts | Ayden | 40 | 5.1% | $142,657 | 2030 |
By city
- Charlotte 42
- Greensboro 25
- Raleigh 25
- Fayetteville 22
- Wilmington 17
- Winston-Salem 14
- Asheville 10
- Durham 10
- Jacksonville 10
- Greenville 9
- Burlington 8
- Hickory 7
- Mooresville 7
- Gastonia 6
- Kannapolis 6
- Wilson 6
- Clayton 5
- Concord 5
- Elizabeth City 5
- Goldsboro 5
- High Point 5
- Salisbury 5
- Statesville 5
- Hope Mills 4
- Knightdale 4
- Lexington 4
- Monroe 4
- Morehead City 4
- New Bern 4
- Sanford 4
- Spring Lake 4
Everywhere else in North Carolina
- Andrews Gardens Andrews · 5%
- Meridian at Ten-Ten Apex · 3.45%
- The Depot at North Salem Apex · 5.7%
- The Flats at 540 Apex · 3.76%
- Argento on the Broad Arden · 5.87%
- The Villas at Avery Creek Arden · 2.63%
- Asheboro Summit Asheboro · 5.54%
- Coleridge Road Apartments Asheboro · 2.55%
- West Pointe Apartments Asheboro · 3.72%
- Fischer Village Apartments Aurora · 7%
- Briarcliff Manor Apts Ayden · 5.1%
- Carteret Court Apartments Beaufort · 3.38%
- Abbington Apartments Belmont · 4.01%
- Loftin at Montcross II Senior Apts Belmont · 3.75%
- Benson Green Apts. Benson · 3.5%
- Skyline Terrace Apartments Boone · 2.73%
- The Lofts in Boone Boone · 5.24%
- Balsam Grove Apts Brevard · 2.41%
- Durham Village Burgaw · 4.25%
- Northwood Apartments Burgaw · 3.5%
- Mountain Village Apts Burnsville · 4.5%
- Ashbrook Apartments Carrboro · 2.67%
- Maynard Road Apartments Carry · 6.3%
- Magnolia Hill Apartments Carthage · 5.84%
- Tyler's Ridge at Sandhills Carthage · 2.14%
- Aspire at Cary Pointe Cary · 2.54%
- Cary Greens at Preston Cary · 2.58%
- Meridian East Chatham Cary · 6.39%
- Adelaide Walter Apartments Chapel Hill · 3.82%
- Inchuco Apartments Chapel Hill · 3.35%
- Link Apartments Linden Chapel Hill · 3.35%
- Meridian Lakeview Chapel Hilll · 5.63%
- Elliot Chase Apartments Chaple Hill · 5.59%
- Ncr of Clinton Clinton · 3.8%
- Royal Lane Apartments Clinton · 6.25%
- Highwood Apartments Columbus · 4.76%
- Beacon Hill Conover · 2.49%
- Renaissance at Antiquity Cornelius · 3.6%
- River Rock Manor at Alexander Farms Cornelius · 5.2%
- West Catawba Apartments Cornelius · 6.03%
- Royal Pavillions Apartments Creedmoor · 5.6%
- Oakhill Apartments Davidson · 4.5%
- Riverwalk Apts Phase II Denver · 3.65%
- Surry Manor Apts Dobson · 3.5%
- Buena Vista Apartments Drexel · 5.8%
- Cottondale Apartments Dunn · 4.5%
- Lewis Village Apartments Elizabethtown · 6.45%
- The Hamlet at Blakey Hall Elon · 3.99%
- Erwin and Smithfield Erwin · 2.7%
- Mha Housing of Western Nc Forest City · 3.73%
- Oak Forest Apartments Franklin · 3.73%
- Torhunta Apartments Fremont · 3.71%
- Fuquay-Varina Homes for the Elderly Fuquay-Varina · 3.45%
- Meridian at Broad Street Market Ph I and II Fuquay-Varina · 3.03%
- Abberly Garner (fka Timber Apts) Garner · 3.73%
- Abberly Place Apartments Phase I Garner · 2.35%
- Cleveland Green Phase III Apartments Garner · 3.55%
- Gibsonville Village Apts Gibsonville · 3%
- Cannon Place Apartments Graham · 2.98%
- Graham Manor Apts Graham · 3.7%
- Norfolk Village Graham · 3.78%
- Havelock Hill Apts Havelock · 3.65%
- Granite Mill Haw River · 3.45%
- Desoto Square Apartments Hayesville · 3.15%
- Heritage Homes Apartments Henderson · 3.84%
- Oak Hill Apts Henderson · 5.49%
- Sterling Park Apartments Henderson · 2.53%
- Cedar Bluffs Apts Hendersonville · 4.25%
- Charleston at the Meadows Hendersonville · 6.04%
- Henderson Heights Apartments Hendersonville · 2.75%
- Lincoln Terrace High Shoals · 7.75%
- New Hill Place Apts. Holly Springs · 3.27%
- Silver Collection at the Park Huntersville · 2.49%
- White Hill Apts Huntersville · 2.99%
- Hampton Woods I Apartments Jackson · 3.75%
- Keystone at James Landing Jamestown · 2.38%
- Arlington Hill Jonesville · 2.49%
- Abbotts Creek Apartments Kernersville · 2.19%
- Gateway Place Apartments Kernersville · 3.25%
- Carolina Christian Village Hom King · 4%
- Church Manor Kinston · 4.95%
- Kinston Towers I Kinston · 4.8%
- Six Churches Plaza Kinston · 4.7%
- Lagrange Meadows La Grange · 5.25%
- Blues Farm Estates Apts Laurinburg · 2.75%
- Koinonia I Apartments Lenoir · 5.85%
- Lutherhaus of Lincolnton Lincolnton · 4.75%
- Franklin Court Apartments Louisburg · 2.55%
- Green Hill Manor Louisburg · 5.25%
- First Baptist Homes Lumberton · 4.08%
- Parkview Terrace Lumberton · 6.5%
- Blue Ridge Terrace Marion · 4.33%
- California Arms Apartments Marion · 5.95%
- Mha Housing of Central Nc Marshville · 3.73%
- Proximity Matthews Matthews · 4.93%
- Maxton Village Apartments Maxton · 7%
- Mountain Villa Apts Mayodan · 5.43%
- Mays Landing Apartments Maysville · 7%
- White Furniture Mill Apartments Mebane · 3.6%
- Mock Place Apartments Mocksville · 4%
- Morganton Trading Company Apartments Morganton · 2.42%
- Southmont Apts Morganton · 5.49%
- Edgewood Place Apartments Mt Airy · 3.45%
- Village Green Apts Mt Airy · 5.8%
- Catawba Pines Apts Newton · 3.69%
- Heritage Village Newton · 3.65%
- Woodlawn Apts North Wilkesboro · 5.49%
- Oxford Homes for the Elderly Oxford · 3.45%
- The Links at Thorndale Oxford · 2.5%
- The Village at Hunter's Run Pembroke · 3.61%
- Club Pond Green Phase II Apartments Raeford · 3.65%
- Yadkin Trail Homes Raeford · 5.8%
- Randolph Hill Apartments Ramseur · 5.38%
- Hobart Jackson Estates Reidsville · 3.87%
- Marcellus Place Reidsville · 4.2%
- Reidsville Ridge Apartments Reidsville · 3.45%
- Arcadia Village Riegelwood · 6.25%
- Crown Pointe Apartments Rockingham · 2.55%
- Village Green Apartments Rockingham · 5.69%
- Covenant Homes Rocky Mount · 3.23%
- Ncr of Rocky Mount Rocky Mount · 6.15%
- R M Wilson Apartments Rocky Mount · 3.55%
- Granite Falls Rolesville · 2.93%
- Duplin County Housing for the Elderly Rose Hill · 2.55%
- Windridge Apartments Roxboro · 2.98%
- Richmond Hill Apts Rutherfordton · 4.95%
- Saxapahaw Rivermill Apts & Townhomes Saxapahaw · 2.29%
- Lions Senior Village Apartment Shelby · 3.96%
- Johnson Court Smithfield · 2.55%
- Mha Housing of the Piedmont Smithfield · 3.73%
- Triangle Elderly Housing Smithfield · 3.98%
- Tylers Ridge at Sandhills Phase II Southern Pines · 2.9%
- Stanley Square Stanley · 6.5%
- Mha Housing of Eastern Nc Stantonsburg · 3.73%
- Swansboro Hill Apts Swansboro · 3.65%
- Jackson Village Apartments Sylva · 3.85%
- Elmhurst Apartments Tarboro · 2.8%
- Wesleyan Homes of Troy Troy · 5.02%
- Agape Retirement Homes Valdese · 3.84%
- Bailey Lane Apartments Vanceboro · 3.98%
- The Oaks Apartments Vanceboro · 4%
- Meridian at Rogers Branch Wake Forest · 2.65%
- Mountain Creek Plaza Apartments Waynesville · 2.87%
- Vantage Pointe Homes at Balsam Mountain Waynesville · 3.08%
- Spruce Hill Apts West Jefferson · 5.38%
- Sandy Ridge Apartments Whiteville · 5.7%
- Stoney Creek Apartments Whitsett · 3.35%
- Covington Way Wilkesboro · 3.35%
- Williamston Homes for the Elderly Apts. Williamston · 3.45%
- Regency Townes Winterville · 5.98%
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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