Fannie Mae Multifamily Loan

Fannie Mae Multifamily Loan Rates - Rates updated September 26th, 2021
Fannie Mae Multifamily Loan Rates Over $6,000,000 Rates (start as low as) LTV
Multifamily 5 Year Fixed Loan Rates 2.58% Up to 80% Get Free Quote
Multifamily 7 Year Fixed Loan Rates 2.69% Up to 80% Get Free Quote
Multifamily 10 Year Fixed Loan Rates 2.90% Up to 80% Get Free Quote
Fannie Mae Multifamily Loan Rates Under $6,000,000 Rates (start as low as) LTV
Multifamily 5 Year Fixed Loan Rates 3.22% Up to 80% Get Free Quote
Multifamily 7 Year Fixed Loan Rates 3.23% Up to 80% Get Free Quote
Multifamily 10 Year Fixed Loan Rates 3.25% Up to 80% Get Free Quote

Multifamily Loan Benefits

Multifamily Loan rates start as low as 2.58% (as of September 26th, 2021)
• 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

Recent TRUSTPILOT Reviews

Select Commercial Funding Reviews from TRUSTPILOT

A three year journey
"Thanks Stephen for all of your hard work in getting our deal closed! I appreciate your professionalism and patience throughout a complicated process. You always were there for my partner and I whenever we had questions and needed answers quick. It was a pleasure to have worked with you and Select Commercial!"


Apartment Building Loan Fannie Mae Multifamily Loan Program

Fannie Mae is one of the nation’s leading secondary market sources of capital for apartment building financing. Fannie Mae provides mortgage capital for conventional, affordable housing, cooperatives, senior housing, student housing, manufactured housing communities and mobile home parks nationwide. Fannie Mae's apartment loan program offers many distinct advantages over traditional bank programs, including long-term fixed rates up to 30 years, high LTV ratios up to 80%, and nonrecourse financing (no personal guarantee to the principals). Fannie Mae Multifamily provides long term permanent mortgage loans for the purchase or refinance (cash-out OK) of apartment properties nationwide.


Fannie Mae

Fannie Mae Multifamily loans can be used to finance apartment buildings with at least 5 residential units. No more than 20 percent of net rentable area can be leased out to commercial tenants. Fannie Mae Multifamily is an industry leader in apartment building loans and there terms are incredibly difficult to beat. This program offers loan terms between 5 and 30 years with amortization schedules up to 30 years. They offer flexible prepayment penalties and interest-only options. In addition, loans are typically assumable and allow for secondary financing.


Fannie Mae

While Fannie Mae Multifamily loans are a terrific option for investors in the multifamily space, this program does have some very specific underwriting guidelines. Typically, these loans are only eligible for apartment buildings in primary or secondary MSAs (with some exceptions for tertiary markets). These properties must be stabilized with 90% occupancy for at least 90 days. Standard multifamily properties must have at least 5 units and manufactured housing communities must have at least 50 pad sites. Borrowers must have strong financials with net worth equal to the loan amount and liquidity of 9 to 12 months of debt service. Typically, borrowers must have a credit score of at least 680 with no recent delinquencies.


Fannie Mae

If you are looking for a multifamily loan, Fannie Mae Multifamily may be the perfect option for you. The professionals at Select Commercial Funding are excited to help you find the perfect Fannie Mae product for your multifamily loan. Give us a call today to take the next step in financing your apartment building with a Fannie Mae Multifamily loan.






Fannie Mae Apartment Loans - Large Balance


Fannie Mae

Fannie Mae is one of the nation’s leading secondary market sources of capital for apartment building financing. Fannie Mae provides mortgage capital for conventional, affordable housing, cooperatives, senior housing, student housing, manufactured housing communities and mobile home parks nationwide. Fannie Mae Apartment Loans Large Balance program offers many distinct advantages over traditional bank programs, including long-term fixed rates up to 30 years, high LTV ratios up to 80%, and nonrecourse financing (no personal guarantee to the principals).





Fannie Mae Apartment Loans - Small Balance

Fannie Mae

Fannie Mae is one of the nation’s leading secondary market sources of capital for apartment building financing. The Fannie Mae Apartment Loans - Small Balance program provides mortgage capital for conventional, affordable housing, cooperatives, senior housing, student housing, manufactured housing communities and mobile home parks nationwide. The Fannie Mae apartment loans - small balance program offers many distinct advantages over traditional bank programs, including long-term fixed rates up to 30 years, high LTV ratios up to 80%, and nonrecourse financing (no personal guarantee to the principals). Fannie Mae offers first lien permanent financing for the acquisition or refinance (including cash-out) of multifamily properties nationwide.





Fannie Mae Choice Refinance Multifamily Loans

Fannie Mae

The Fannie Mae Choice Refinance Multifamily loan offers borrowers an option to flexibly refinance their properties with lower costs and faster execution. This product is perfect for borrowers with current Fannie Mae Cash or MBS Mortgage Loans. The Choice Refinance Loan is specifically for properties that are well maintained and stabilized. Additionally, the lender must be the current servicer of the loan being refinanced.





Fannie Mae Conventional Multifamily Loan

Fannie Mae

The Fannie Mae Conventional Multifamily Loan is perfect for borrowers looking to acquire or refinance conventional multifamily properties. This product offers flexible loan terms, competitive pricing and certainty of execution for existing and stabilized conventional properties. These loans are non-recourse loans and can have terms as long as 30 years. Additionally, this program allows borrowers to seek max leverage with financing up to 80% LTV.





Fannie Mae ARM 7-6 Multifamily Loan

Fannie Mae

The Fannie Mae ARM 7-6 Multifamily Loan is a great option for investors looking for an adjustable loan. This product has a loan term of 7 years, and allows up to 80% LTV. Additionally, borrowers can convert the Fannie Mae ARM 7-6 into a fixed-rate loan any time between the first day of the second year and the first day of the sixth year of the loan. This provides wonderful flexibility for multifamily investors who are interested in starting with an adjustable rate but converting into a fixed rate at some point during the loan term.





Fannie Mae Cooperative Property Loans


Fannie Mae

Are you part of a cooperative organization looking for mortgage with flexible terms for your multifamily property? If so, the Fannie Mae Cooperative Property Loan Program could be the perfect option for you. This product gives Cooperative Organizations access to multifamily loans with competitive pricing, certainty and speed of execution. Terms are flexible as they range from 5 to 30 years with up to 30 year amortization periods. In addition, these loans are non-recourse.





Fannie Mae Affordable Housing Preservation Multifamily Loan

Fannie Mae

The Fannie Mae Affordable Housing Preservation Multifamily Loan offers long term financing to owners of stabilized affordable housing properties with rent restrictions. With the demand for affordable housing on the rise, this product is a great option for borrowers looking to invest in this space. These loans offer competitive pricing and flexible loan terms for both acquisitions and refinances of affordable multifamily properties. If you are looking for a loan with certainty and speed of execution, this is definitely a great option for you!





Fannie Mae Fixed-Rate Mortgage Loans

Fannie Mae

Are you looking for a great fixed-rate multifamily loan? Look no further than the Fannie Mae Fixed-Rate Mortgage Loan. With their flexible loan terms, competitive pricing, certainty of execution and speed in underwriting, this product is one of the best in the market. This program provides investors of existing stabilized multifamily with first-lien permanent mortgage options to both purchase and refinance multifamily properties.





Fannie Mae Hybrid ARM Multifamily Loans

Fannie Mae

Are you looking for an apartment loan with no balloon payment? If so, the Fannie Mae Hybrid ARM Multifamily Loan may be the perfect option for you. This 30 year loan is comprised of an initial term where interest is paid at a fixed rate. After this term ends, the loan adjusts to an adjustable rate for the remaining 30 years. This program offers competitive interest rates, low cost of execution and flexible prepayment terms.





Fannie Mae Moderate Rehabilitation (Mod Rehab) Supplemental Multifamily Loan

Fannie Mae

Have you recently finished moderately rehabilitating your multifamily property with a Fannie Mae loan? If so, you may in need of new funds and conventional financing might not be ideal for you. The Fannie Mae Moderate Rehabilitation (Mod Rehab) Supplemental Mortgage Loan may be the perfect option for you. These loans are excluded from Fannie Mae’s one Supplemental Mortgage Loan rule. Additionally, they are generally lower cost than both refinancing and other supplemental mortgage loans. In comparison to conventional Fannie Mae Moderate Rehab Supplemental Loans, these loans offer longer amortizations, higher LTV allowances and lower minimum DSCR requirements. Plus, these loans are fully assumable with lender approval.





Fannie Mae Moderate Rehabilitation (Mod Rehab) Supplemental Affordable Housing Multifamily Loan


Fannie Mae

Have you recently finished moderately rehabilitating your affordable housing multifamily property with a Fannie Mae loan? If so, you may in need of new funds and conventional financing might not be ideal for you. The Fannie Mae Moderate Rehabilitation (Mod Rehab) Supplemental Mortgage Loan for Affordable Housing may be the perfect option for you. These loans are excluded from Fannie Mae’s one Supplemental Mortgage Loan rule. Additionally, they are generally lower cost than both refinancing and other supplemental mortgage loans. In comparison to conventional Fannie Mae Moderate Rehab Supplemental Loans, these loans offer longer amortizations, higher LTV allowances and lower minimum DSCR requirements. Plus, these loans are fully assumable with lender approval.





Fannie Mae Reduced Occupancy Affordable Rehab (ROAR) Multifamily Loan

Fannie Mae

The Fannie Mae Reduced Occupancy Rehab Multifamily Loan provides a great option for investors looking for a permanent mortgage loan for affordable housing property in need of renovations. This loan offers flexible and permanent loan solutions, allowing investors to rehabilitate their properties with more efficiency than standard construction loans or forward commitments. Additionally, this program offers interest only during the rehab period and provides increased leverage opportunities as loans are typically underwritten to as-improved rents.





Fannie Mae Structured Adjustable Rate Mortgage Multifamily Loan (SARM Loan)

Fannie Mae

The Fannie Mae Structured Adjustable Rate Mortgage Multifamily Loan program offers investors long term financing for the acquisition of refinance of multifamily properties. These loans have very competitive variable interest rates that are convertible to fixed-rates. These loans are very attractively priced, can be amortized over 30 years and typically don’t require any personal guarantees.





Fannie Mae Manufactured Housing Community Multifamily Loan

Fannie Mae

Are you looking to finance the acquisition or refinance of a manufactured housing community? If so, the Fannie Mae Manufactured Housing Community Multifamily Loan program may be the perfect option for you. This program provides financing solutions tailored specifically to each deal. The pricing is extremely competitive and the speed and certainty of execution are hard to beat. These loans offer terms and amortizations of up to 30 years, are generally non-recourse and can get up to 80% LTV.





Fannie Mae Seniors Housing Multifamily Loan

Fannie Mae

Are you looking to finance the acquisition or refinance of a seniors housing multifamily property? If so, the Fannie Mae Seniors Housing Multifamily Loan program may be the perfect option for you. This program provides financing solutions tailored specifically to each deal. The pricing is extremely competitive and the speed and certainty of execution are hard to beat. These loans offer terms and amortizations of up to 30 years, are generally non-recourse and can get up to 75% LTV.





Fannie Mae Student Housing Multifamily Loan

Fannie Mae

Are you looking to finance the acquisition or refinance of a student housing multifamily property? If so, the Fannie Mae Student Housing Multifamily Loan program may be the perfect option for you. This program provides financing solutions tailored specifically to each deal. The pricing is extremely competitive and the speed and certainty of execution are hard to beat. These loans offer terms and amortizations of up to 30 years, are generally non-recourse and can get up to 75% LTV.





Fannie Mae ARM 5-5 Multifamily Loan

Fannie Mae

The Fannie Mae ARM 5-5 Multifamily Loan provides great variable rate financing to those looking to either acquire a property or refinance their existing debt. This program offers an initial 5 year loan term with the option to extend for a second 5 year period. There is no maximum loan size and the maximum interest rate is set at rate lock. With attractive low-cost financing, this program is great solution for investors of all types of existing and stabilized multifamily properties.





 

Recent TRUSTPILOT Reviews

Select Commercial Funding Reviews from TRUSTPILOT

A three year journey
"Thanks Stephen for all of your hard work in getting our deal closed! I appreciate your professionalism and patience throughout a complicated process. You always were there for my partner and I whenever we had questions and needed answers quick. It was a pleasure to have worked with you and Select Commercial!"