Fannie Mae’s Multifamily Mortgage Business offers financing options for loans with fixed-rate options for the acquisition or refinance of apartments or other multifamily properties. This program provides flexible financing, competitive pricing, and a fast execution. Eligible property types include existing, stabilized conventional, affordable housing, seniors housing, student housing, and manufactured housing properties.
| Fannie Mae Fixed Rate Apartment Loans | |
| Term | 5, 7, 9, 10, or 15 years. Affordable Housing mortgage loans and Bond Credit Enhancements have a minimum of 10 year term. |
| Amortization | Up to 30 Years |
| Max LTV | 80% |
| Min DSCR DSCR Calculator | 1.25x |
| Index | Applicable term constant maturity treasury. |
| Interest Rate | Fixed and variable rate options |
| Rate Lock | 30- to 90-day commitments. An early rate lock feature is available allowing the borrower to lock a rate 45 to 180 days in advance of closing. |
| Prepayment Options | Yield maintenance and other graduated prepayment options. No prepayment premium if loan paid within the last 90 days of the loan term. |
