Are you looking for a Fannie Mae Loan?
Fannie Mae purchases pools of mortgages from lenders and resells them in the form of mortgage-backed and other securities to investors. Purchases are generally restricted to conforming loans, which are loans that meet certain size limits and other conditions.
Fannie Mae, the commonly used nickname for the Federal National Mortgage Association, is a government-sponsored enterprise, or GSE, with the mission of bringing liquidity, stability and affordability to the U.S. housing market. … Once the mortgages have been purchased, banks are freed up to make more loans.
Eligible Property Types
Multifamily (must contain at least 5 dwelling units)
- Conventional Properties
- Seniors Housing
- Manufactured Housing Communities
- Student Housing
- Cooperatives Properties
- Affordable Housing
Low cost of execution
Delegated model provides lenders and
borrowers speed of execution
Team with experience and scale to
support this unique market
Single asset security allows the most
flexibility in the market
Extensive experience serving the small
Streamlined third-party reports
Conventional properties; Multifamily
Affordable Housing Properties;
Cooperative Properties (market rate);
and Manufactured Housing
Existing, stabilized multifamily
Properties with 5 or more units
Loans for acquisition or refinance
Fannie Mae is offered for fixed- and variable-rate mortgage loans up to $3 million
nationwide and up to $5 million in certain eligible markets.
Loan Amount Up to $3 million nationwide
Up to $5 million in certain eligible markets
Term 5 – 30 years.
Amortization Up to 30 years.
Interest Rate Fixed- and variable-options available.
Maximum LTV 80%.
Minimum DSCR 1.25x.
Financing Supplemental Loans are available.
Flexible prepayment options available, including
yield maintenance and declining prepayment
Most clients I work with are interested in the Fannie Mae loan program above but if you are interested in funding for a Manufactured Housing Communities, Student Housing, Cooperatives Properties, Affordable Housing or Senior Housing I will explain which Fannie Mae loan program is a match.
Please email any questions? email@example.com
Thanks Mark Fulop