Apartment Building

Fannie Mae Fixed Rate Apartment Loans

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.

Term5, 7, 9, 10, or 15 years. Affordable Housing mortgage loans and Bond Credit Enhancements have a minimum of 10 year term.
AmortizationUp to 30 Years
Max LTV80%
Min DSCR DSCR Calculator1.25x
IndexApplicable term constant maturity treasury.
Interest RateFixed 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 OptionsYield maintenance and other graduated prepayment options. No prepayment premium if loan paid within the last 90 days of the loan term.

FNMA Multifamily Mortgages

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