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FHA Section 232 Underwriter Training Program

The current class is in session. Check back in June for details about 2025.

Building on MBA's expertise in FHA multifamily lending, the comprehensive FHA Section 232 Underwriter Training Program offers the essential elements and requirements to become a certified underwriter in this space.  Following the successful models of the FHA MAP and FHA 221(d)(4) programs, MBA Education convenes industry leaders to equip professionals with the most comprehensive training for on-the-job success.

Learning Objectives

  • Appraisal Review for LEAN Underwriting
  • Eligible Debt in a 232 Mortgage
  • ORCF Mortgage Credit
  • Risky Business: Risk Management and Operations Analysis for HUD-insured Residential Care Facilities
  • Financial Analysis
  • HUD Healthcare Loan Sizings – Establishing a Successful Transaction


Key business applications include

  • Improved quality and accuracy in FHA affordable/ and new construction/ substantial rehabilitation lending
  • Improved processing times for FHA multifamily affordable/221(d)(4) loans
  • Improved working relationships and consistency in decision-making by HUD staff and MAP lenders
  • Increased awareness and application of multifamily affordable and new construction and substantial rehabilitation best practices
Successful completion of this program requires submitting weekly homework assignments, completing a final project, and passing the final exam.

The Details

This virtual training will be delivered through six virtual sessions of 90 minutes each. Attendees are required to attend all sessions and complete the final assessment made available at the end in order to receive the MBA's Certificate of Completion.

Course Level: Entry-Level
Course Delivery Method: Instructor-guided online course
Online Course: Weekly 90-minute webinars 
Elements: Live online sessions and final exam

Who Should Attend

  • LEAN Underwriters
  • Financial Analysts
  • Risk Managers and Professionals
  • Appraisers
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Additional Information

For more information, contact Danielle Jackson