The Freddie Mac manufactured housing program provides flexible financing, competitive pricing, and a speedy execution for mobile home communites. This program expands affordable housing options for underserved populations, particularly in rural and non-metro areas where manufactured housing communities are predominant.
| Manufactured Housing Loan Options and Requirements | |
| Eligible Properties | Existing, stabilized, high-quality, professionally managed manufactured housing |
| Loan Size | $1 million+ |
| Term | Up to 10 years |
| Max Amort | 30 years |
| Min DSCR DSCR Calculator | 1.25x |
| Interest Rate | Fixed- and floating-rate options |
| Prepayment | - Fixed-rate mortgages: Yield maintenance until securitized followed by a
2-year lockout;
defeasance thereafter. No prepayment premium for final 90 days. If loan is
not
securitized within first year, then yield maintenance applies for the life
of the loan. Yield
maintenance without defeasance is available for securitized mortgages for an
additional cost - For floating-rate mortgages: Yield maintenance at 1% or yield maintenance with step down |
| Recourse | Non-recourse except for standard carve-out provisions |
| Tax & Insurance Escrow | Required |
| Replacement Reserve Deposit | Typically Required |
| Supplemental Financing | Available |
| Early Rate and Spread Lock Options | Early rate and spread lock options available, typically ranging from 60 days to 120 days |
Program Plus Freddie Mac Loans
| Program Plus Options | |
|---|---|
| Fixed Rate Loans | Floating Rate Loans |
| Lease-Up Loans | Manufactured Housing Community Loans |
| Revolving Credit Facility | Student Housing Loans |
| Supplemental Loans | Value-Add Loans |
Affordable Housing Freddie Mac Loans
Other Freddie Mac Loans
| Other Freddie Loan Types | |
|---|---|
| Student Housing Loans | Small Balance Loans |
| Freddie Mac Single-Family Rental (SFR) Pilot Program | |