Fannie Mae Multifamily Loans/Interest Rates

What Are Fannie Mae Apartment/Multifamily Loan Guidelines?

Fannie Mae, short for Federal National Mortgage Association
gives apartment/multifamily building investors some of the best rates and terms
available in America.  Rates can be fixed from 5 to 30 years.

Guidelines for Fannie Mae Apartment/Multifamily Loans/Financing:

  • No tax returns Required
  • Up to 80% loan to value available
  • Loans are amortized for 30 years.
  • Loan assumable for 1% fee
  • Commercial Space - 35% of Rental Space or 20% of Gross Income
  • Non-Recourse

Fannie Mae or the Federal National Mortgage Association is a publicly traded corporation that creates mortgage pools for securitization on Wall Street. Apartment lenders can originate multifamily loans with their own funds and then sell the loans to Fannie Mae and get their money back to lend out again.  Fannie Mae Apartment mortgages have some of the lowest long term fixed rates (fixed from 5 – 30 years) in America.

Fannie Mae Apartment Loans Terms and Requirements

  • Minimum Loan $1,000,000
  • 80%, 75% with cash out
  • 30 year Amortization
  • Non-Recourse available
  • 5 – 30 year Fixed Rates/term
  • No Debt to Income Ratio
  • Student Housing Programs
  • Independent Senior Living
  • 680 Minimum Credit Score
  • Minimum Net Worth Equal to Loan Amount
  • 1.25 Minimum DSCR
  • 35% Commercial Space Allowed
  • Yield Maintenance Prepayment Penalty
  • 90% Occupancy Required for 90 days
  • Affordable Housing Programs
  • Assumable

Need help calculating your DSCR? Try our free Debt Service Coverage Ratio Calculator here.

Want to learn more about DCSR and why it is the Number One Factor in analyzing the risk level of your business or investment property loan? Read our current article here!

Fannie Mae or the Federal National Mortgage Association is a publicly traded corporation that creates mortgage pools for securitization on Wall Street. Apartment lenders can originate multifamily loans with their own funds and then sell the loans to Fannie Mae and get their money back to lend out again.  Fannie Mae Apartment mortgages have some of the lowest long term fixed rates (fixed from 5 – 30 years) in America.

For more on Fannie Mae Multifamily / Apartment Loans Terms and Requirements here 

Fannie Mae Multifamily Loans

For Fannie Mae Multifamily / Apartment Loan Rates please go here

Fannie Mae Multifamily Loan Rates