FHA/HUD financing is a government-backed loan program designed to make it easier for businesses and investors to finance the construction, purchase, or refinance of real estate with housing components (typically multifamily / apartments). These non-recourse loans are insured by the Federal Housing Administration (FHA) and administered by the Department of Housing and Urban Development (HUD), which means that if the borrower defaults on the loan, the government will cover the lender's loss.

FHA/HUD loans are often more affordable than traditional loans, with lower down payment requirements and more favorable interest rates.