M & T REALTY CORP

Agency

AgencyType

214Deals

$4.5BTotal Volume

Active 2026

FHA Lending Activity

214

Total Deals

$4.5B

Total Volume

FY2026 Deals

$98.2M

FY2026 Volume

Source: HUD FHA Multifamily Production Reports

FHA Deal Activity

198

FHA Endorsements

$20.0M

Avg Deal Size

185

Avg Units

States

Individual FHA-insured initial endorsements, FY2001–FY2026

Top 10 Markets: MD (44) · VA (27) · NY (21) · FL (13) · CT (10) · SC (10) · PA (10) · OR (8) · CO (6) · OK (5)

Programs: 223(f) Purchase/Refi (82) · New Const/Rehab (59) · 223(a)(7) Refi (55) · 241(a) Improvements (2)

19% LIHTC · 6% Tax-Exempt Bonds

Source: HUD FHA Multifamily Production Reports

View all 198 FHA deals →

Recent FHA Deals

Dec '25Roy, UT223(f) Purchase/Refi

$15.9M

Nov '25WEST VALLEY CITY, UT223(f) Purchase/Refi

$65.9M

Oct '25ANNAPOLIS, MDNew Const/Rehab

$9.4M

Oct '25EAST ORANGE, NJ223(f) Purchase/Refi

$34.1M

Oct '25Brewster, NY223(f) Purchase/Refi

$50.8M

Active loans held →Maturity wall →Rate tracker →

FHA Portfolio

188

Active Loans

$3.4B

Outstanding

5.76%

Recent Avg Rate

36 yr

Avg Term

Rates and balances on FHA-insured loans currently held in portfolio, as of February 2026

Recent FHA Rate Comps

DateLocationAmountUnitsProgramTermRate

Feb '26Neptune City, NJ$17.5M54223(f)35 yr5.1%

Jan '26Severn, MD$70.0M300223(f)35 yr5.48%

Dec '25Roy, UT$15.9M76223(f)35 yr5.63%

Nov '25Boston, MA$23.2M71223(f)35 yr5.51%

Nov '25Saugus, MA$16.1M40223(f)35 yr5.34%

Nov '25West Valley, UT$65.9M289223(f)35 yr5.59%

Oct '25Annapolis, MD$9.4M71221(d)(4)40 yr6.24%

Oct '25East Orange, NJ$34.1M175223(f)35 yr5.49%

Oct '25Brewster, NY$50.8M168223(f)35 yr5.68%

Aug '25Port Jervis, NY$18.4M178223(f)35 yr5.78%

Avg rate across last 20 endorsed loans5.76%

Full Portfolio: 3.71% avg rate · range 2.03%–7%

Top States: NY (32) · MD (28) · VA (18) · CT (14) · NJ (14)

Source: HUD Insured Multifamily Mortgages

Deal History

Annual volume by program source.

2021

$678.6M26 deals

2022

$424.4M22 deals

2023

$100.8M7 deals

2024

$171.4M10 deals

2025

$241.2M8 deals

Sources: HUD

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