Fannie Mae Multifamily Loans
Multifamily Loan BenefitsEnjoy the following advantages with Multifamily Loans:
- Starting rates as low as 4.99%.
- Allied Mortgage Funding LLC BBB Business Review
- Over 30 years of lending experience as a
- commercial mortgage broker
- No upfront application or processing feesSimplified application process
- Up to 80% Loan-to-Value (LTV) ratio on multifamily properties
- Flexible terms and amortizations up to 30 years
- Loans available for purchase, refinance, and cash-out
- 24-hour written pre-approvals with no cost or obligationFannie Mae Multifamily LoansFannie Mae is a leading source of capital for financing apartment buildings, offering various loan programs:
Financing available for apartment buildings with at least 5 residential unitsCommercial tenants limited to 20% of net rentable areaLoan terms ranging from 5 to 30 years with up to 30-year amortization schedulesFlexible prepayment penalties and interest-only optionsAssumable loans with secondary financing permittedEligibility for properties in primary or secondary MSAs with 90% occupancy for 90 daysStandard multifamily properties require a minimum of 5 units, and manufactured housing communities require a minimum of 50 pad sitesBorrowers must demonstrate strong financials, including net worth equal to the loan amount and liquidity of 9 to 12 months of debt serviceMinimum credit score requirement of 680 with no recent delinquenciesFannie Mae Multifamily Loan ProgramsExplore various Fannie Mae Multifamily loan programs designed to meet specific needs:Large Balance Program: Offers long-term fixed rates up to 30 years, high LTV ratios up to 80%, and nonrecourse financingSmall Balance Program: Provides long-term fixed rates up to 30 years, high LTV ratios up to 80%, and nonrecourse financing for conventional, affordable, and manufactured housing propertiesChoice Refinance Loan: Allows flexible refinancing with lower costs and faster execution for borrowers with current Fannie Mae Cash or MBS Mortgage LoansConventional Multifamily Loan: Ideal for acquiring or refinancing conventional multifamily properties, offering flexible terms, competitive pricing, and execution certaintyARM 7-6 Multifamily Loan: Adjustable-rate loan with a 7-year term, up to 80% LTV, and the option to convert to a fixed-rate loan during the loan termCooperative Property Loan: Specifically designed for cooperative organizations, providing multifamily loans with flexible terms, competitive pricing, and execution certaintyAffordable Housing Preservation Loan: Long-term financing for stabilized affordable housing properties with rent restrictions, offering competitive pricing and flexible loan terms for acquisitions and refinancesFixed-Rate Mortgage Loan: Offers a great fixed-rate option for existing stabilized multifamily properties, with flexible loan terms, competitive pricing, and execution certaintyHybrid ARM Multifamily Loan: Provides a 30-year loan with an initial fixed-rate term followed by an adjustable rate, offering competitive rates, low execution costs, and flexible prepayment termsAdditional Fannie Mae Multifamily Loan ProgramsExplore more Fannie Mae loan programs for specific property types and needs:Moderate Rehabilitation (Mod Rehab) Supplemental Multifamily Loan: Financing option for moderately rehabilitated multifamily properties with longer amortizations, higher LTV allowances, and lower minimum DSCR requirementsModerate Rehabilitation (Mod Rehab) Supplemental Affordable Housing Loan: Financing option for moderately rehabilitated affordable housing multifamily properties, offering longer amortizations, higher LTV allowances, and lower minimum DSCR requirements.