HUD 232 Loans for Texas Senior Care Facilities: Complete Guide
HUD 232 loans offer the most favorable financing terms available for Texas assisted living facilities and nursing homes. With non-recourse terms, 35-40 year amortization, and high leverage, HUD 232 is the gold standard for senior care facility financing.
Interested in HUD 232 Financing for Your Texas Facility?
Jaken Finance Group is an experienced HUD 232 lender.
Get Your Free HUD Loan Quote →HUD 232 Loan Programs
Section 232 - Purchase/Refinance
| Feature | Details |
|---|---|
| Loan-to-Value | Up to 80% |
| Interest Rate | Market rate + 0.65% MIP |
| Term | Up to 35 years |
| Non-Recourse | Yes |
Section 232 - New Construction
| Feature | Details |
|---|---|
| Loan-to-Cost | Up to 80% |
| Term | Up to 40 years |
| Construction Period | Up to 24 months |
| Non-Recourse | Yes |
HUD 232 Eligibility Requirements
Property Requirements
| Requirement | Details |
|---|---|
| Facility type | Licensed ALF or SNF |
| Minimum size | Typically 50+ beds economical |
| Occupancy | 85%+ stabilized |
| Licensing | Current Texas license required |
Borrower Requirements
- Single-asset entity required
- Operating history - 3+ years preferred
- Financial strength - Adequate net worth
- Experience - Healthcare background
Not Sure If Your Facility Qualifies?
Our HUD specialists can evaluate your property for HUD 232 eligibility.
Check Your Eligibility →HUD 232 Rates and Costs (2026)
Current Rate Structure
| Component | Rate/Amount |
|---|---|
| Base interest rate | 5.0-6.0% |
| Mortgage Insurance Premium | 0.65% annually |
| All-in rate | 5.65-6.65% |
HUD 232 Application Process
Timeline
| Phase | Duration |
|---|---|
| Pre-application | 4-8 weeks |
| Application | 4-6 weeks |
| HUD review | 8-16 weeks |
| Closing | 4-6 weeks |
| Total | 6-10 months |
HUD 232 Benefits for Texas Facilities
Key Advantages
- Non-recourse - No personal liability
- Long terms - Up to 40 years
- High leverage - Up to 80% LTV
- Fixed rate - Rate locked for full term
- Fully amortizing - No balloon payment
Texas Market Benefits
- Strong property values
- High occupancy rates
- Growing senior population
- Business-friendly environment
Related Texas ALF Resources
Ready to Explore HUD 232 Financing?
Jaken Finance Group is your trusted HUD 232 lender for Texas senior care facilities.
Get Your Free HUD Loan Quote →Disclaimer: This information is for educational purposes only. All financing provided by Jaken Finance Group, subject to HUD and lender approval.