24 CFR §200.84 — Payment requirements
HUD / FHA Multifamily · a federal regulation, 24 CFR Part 200, Subpart A—Requirements for Application, Commitment, and Endorsement Generally Applicable to Multifamily and Health Care Facility Mortgage Insurance Programs; and Continuing Eligibility Requirements for Existing Projects. It governs FHA's multifamily programs, not the Single Family Housing Policy Handbook 4000.1. Text as of eCFR 2026-10-09.
24 CFR §200.84, Payment requirements. An FHA multifamily program rule in Subpart A—Requirements for Application, Commitment, and Endorsement Generally Applicable to Multifamily and Health Care Facility Mortgage Insurance Programs; and Continuing Eligibility Requirements for Existing Projects of 24 CFR Part 200 (Introduction to FHA Programs).
Verbatim regulatory text
Verbatim provisions from 24 CFR §200.84 — Payment requirements — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
24 CFR §200.84(a)
The mortgage shall provide for: (a) A single aggregate payment each month for all payments to be made by the mortgagor to the mortgagee.
24 CFR §200.84(b)
(b) The mortgagor to pay to the mortgagee: (1) Interest and principal on the first day of each month in accordance with an amortization plan agreed upon by the mortgagor, the mortgagee and the Commissioner. (i) Date of first payment to interest shall be the endorsement date or, where there are insured advances, the initial endorsement date. (ii) Date of first payment to principal. The Commissioner shall estimate the time necessary to complete the project and shall establish the date of the first payment to principal so that the lapse of time between completion of the project and commencement of amortization will not be longer than necessary to obtain sustaining occupancy. (2) An amount on each interest payment date sufficient to accumulate in the hands of the mortgagee one payment period prior to its due date, the next annual mortgage insurance premium payable by the mortgagee to the Commissioner. Such payments shall continue only so long as the contract of insurance shall remain in effect. (3) Equal monthly payments as will amortize the ground rents, if any, and the estimated amount of all taxes, water charges, special assessments, and fire and other hazard insurance premiums, within a period ending one month prior to the dates on which the same become delinquent. (4) The mortgage shall further provide: (i) That such payments shall be held by the mortgagee, for the purpose of paying such items before they become delinquent. (ii) For adjustments in case such estimated amounts shall prove to be more, or less, than the actual amounts so paid therefor by the mortgagor.
24 CFR §200.84(c)
(c) The mortgagee to apply each mortgagor payment received to the following items in the order set forth: (1) Premium charges under the contract of mortgage insurance. (2) Ground rents, taxes, special assessments, and fire and other hazard insurance premiums. (3) Interest on the mortgage. (4) Amortization of the principal of the mortgage.
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