Today's Fannie Mae Multifamily Loan Rates
Fannie Mae Multifamily Rates - Updated 2/28/25
| Fannie Mae Multifamily Rates Over $6,000,000 | Free Loan Quote | ||
|---|---|---|---|
| Loan Type | Rate* | LTV | |
| Multifamily 5 Year Fixed Loan Rates | 5.29% | Up to 80% | |
| Multifamily 7 Year Fixed Loan Rates | 5.26% | Up to 80% | |
| Multifamily 10 Year Fixed Loan Rates | 5.27% | Up to 80% | |
| Fannie Mae Multifamily Rates Under $6,000,000 | Free Loan Quote | ||
|---|---|---|---|
| Loan Type | Rate* | LTV | |
| Multifamily 5 Year Fixed Loan Rates | 5.75% | Up to 80% | |
| Multifamily 7 Year Fixed Loan Rates | 5.72% | Up to 80% | |
| Multifamily 10 Year Fixed Loan Rates | 5.73% | Up to 80% | |
2025 Fannie Mae Multifamily Loan Outlook
As of 2025, Fannie Mae remains a key player in the multifamily housing finance sector, backing approximately 40% of the $2.2 trillion in multifamily mortgage debt. This continued support helps sustain affordable housing and rental market stability across the U.S.
In response to financial transparency concerns, Fannie Mae is implementing stricter lending regulations to combat fraud and ensure accurate loan underwriting. Key changes include:
- Independent Verification: Lenders must independently verify financial details provided by borrowers.
- Enhanced Cash Reserves Checks: Stricter verification of borrower assets and income sources.
- Appraisal Due Diligence: More rigorous property valuation processes to ensure accurate assessments.
These new regulations, expected to take effect by mid-2025, aim to create a more transparent and resilient lending environment. While these adjustments may extend loan processing times, they are crucial for reducing risk and maintaining market stability.
For those interested in historical loan data, Fannie Mae provides the Multifamily Loan Performance Data (MFLPD), covering over 68,000 loans acquired since 2000. This dataset helps lenders, investors, and policymakers assess market trends and loan performance.
As the multifamily housing landscape continues to evolve, Fannie Mae's updated policies will play a crucial role in shaping the future of multifamily financing.
Fannie Mae Multifamily Loan Benefits
Fannie Mae Multifamily Loan rates start as low as 5.29% (as of February 28th, 2025)
• A commercial mortgage broker with over 30 years of lending experience
• No upfront application or processing fees
• Simplified application process
• Up to 80% LTV on multifamily
• Terms and amortizations up to 30 years
• Loans for purchase and refinance, including cash-out
• 24 hour written pre-approvals with no cost and no obligation
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Fannie Mae Multifamily Loans: A Leading Apartment Financing Solution
What Are Fannie Mae Multifamily Loans?
Fannie Mae is one of the nation’s leading sources of multifamily financing, providing mortgage capital for apartment buildings, affordable housing, senior housing, student housing, cooperatives, manufactured housing communities, and mobile home parks nationwide.
Fannie Mae's multifamily loan programs offer long-term fixed rates up to 30 years, high loan-to-value (LTV) ratios up to 80%, and non-recourse financing (no personal guarantee required). These benefits make Fannie Mae a preferred financing solution for investors seeking stability and flexibility in apartment property loans.
Key Benefits of Fannie Mae Multifamily Loans
- Loan terms between 5 and 30 years
- Amortization schedules up to 30 years
- Flexible prepayment options
- Interest-only payment options
- Loan amounts from $750,000 to $100+ million
- Loans are assumable and allow for secondary financing
Eligibility Criteria for Fannie Mae Multifamily Loans
Fannie Mae Multifamily loans are designed for apartment buildings with at least five residential units, with no more than 20% of net rentable space leased to commercial tenants.
Eligible properties must meet the following requirements:
- Minimum 5 residential units for standard multifamily properties
- Manufactured housing communities must have at least 50 pad sites
- Located in primary or secondary MSAs (some exceptions for tertiary markets)
- Stabilized properties with at least 90% occupancy for 90 days
Borrower qualifications include:
- Minimum credit score of 680 with no recent delinquencies
- Net worth equal to the loan amount
- Liquidity covering 9 to 12 months of debt service
Why Choose Fannie Mae Multifamily Financing?
Fannie Mae Multifamily loans are one of the most competitive apartment loan options available, offering low interest rates, high leverage, and flexible loan terms. These loans are ideal for investors looking to purchase or refinance stabilized apartment properties with favorable underwriting guidelines and non-recourse financing.
Get Expert Guidance on Your Fannie Mae Multifamily Loan
If you're looking for multifamily financing, Fannie Mae may be the perfect solution for your needs. Select Commercial Funding specializes in helping investors secure the best Fannie Mae multifamily loans.
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