A Skilled Nursing Facility (SNF) is a state-licensed, long-term care facility that offers round-the-clock care for residents dependent on nursing care. SNFs are different than nursing homes because they offer a higher level of medical care. Care is provided by registered nurses (RN), licensed practical nurses (LPN), certified nurse assistant (CNA), and a house physician. Some facilities also have short-term units for individuals requiring rehab services between hospital stays and returning home.

HUD 232 loans are equipped to fund skilled nursing facilities, assisted living centers, and a variety of other types of residential healthcare facilities for seniors. To learn more about FHA 232 loans, fill out the form below to speak to a HUD/FHA loan expert.

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A Skilled Nursing Facility provides round-the-clock care for residents dependent on nursing care. Care is provided by registered nurses (RN), licensed practical nurses (LPN), certified nurse assistant (CNA), and a house physician. Some facilities also have short-term units for individuals requiring rehab services between hospital stays and returning home.

To learn more about FHA 232 loans, fill out the form below to speak to a HUD/FHA loan expert.

Skilled Nursing Facilities must meet the following criteria to be eligible for a HUD 232 loan:

• Facilities must offer ongoing, continuous care and oversight for individuals requiring long-term care or medical attention
• Facilities must be licensed by an appropriate municipal or state body
• Properties must have been completed at least three years prior
• Additions less than three-years-old are acceptable, but cannot be larger than the original facility
• Facilities must accommodate 20 or more patients requiring continuous or skilled nursing care
• Non-resident day care must not exceed 20% of the property’s gross area and 20% of the gross income
• Independent living units cannot make up more than 25% percent of all units
• Commercial space must not exceed 20% of floor area or income

Skilled Nursing Facilities offer a higher level of medical care than nursing homes, with care provided by registered nurses (RN), licensed practical nurses (LPN), certified nurse assistant (CNA), and a house physician. Some facilities also have short-term units for individuals requiring rehab services between hospital stays and returning home. Benefits of a Skilled Nursing Facility include round-the-clock care, a higher level of medical care, and short-term units for rehab services. Additionally, HUD 232 loans are equipped to fund skilled nursing facilities, assisted living centers, and a variety of other types of residential healthcare facilities for seniors.

To learn more about FHA 232 loans, fill out the form below to speak to a HUD/FHA loan expert.

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Skilled Nursing Facilities in Relation to FHA 232 Loans: The costs associated with a Skilled Nursing Facility depend on the type of care needed and the services provided. Generally, costs include room and board, medical services, and other services such as physical therapy, occupational therapy, and speech therapy. Additionally, there may be additional costs for special services such as medical equipment, medications, and other supplies. For more information on the costs associated with a Skilled Nursing Facility, please contact a HUD/FHA loan expert by filling out the form below.

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