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We Are in Every Market, Every Day

For over 35 years, Fannie Mae Multifamily has been a reliable source of mortgage capital for the secondary mortgage market. Our Delegated Underwriting and Servicing (DUS®) model is the premier financing platform in the multifamily market. Delegation, risk-sharing, and life of loan servicing are the pillars that support our platform, and because of them we are able to make workforce rental housing possible in every market, every day.

DUS and Our DUS Lenders

We call DUS "The Loan We All Own" because it aligns the interests of lenders, borrowers, and investors. Our 24 DUS® lenders underwrite, close, and deliver loans on our behalf, and in exchange they typically retain one-third of the risk on every loan.

As the largest guarantor of mortgages in the U.S., we set the standards for the housing finance market through our underwriting guides, disclosure and asset management tools, data standards, and engagement with our lender partners.

Multifamily Insights

multifamily housing building

Multifamily Financing

We serve a wide spectrum of the market, including conventional, rent-restricted, cooperatives, seniors housing, student housing, small balance loans, and Manufactured Housing Communities.

More than 90 percent of the apartments we finance are “workforce housing”, and are affordable to families earning at or below 120 percent of the area median income (AMI) – the teachers, first responders, and service workers who are an essential part of their communities.

Affordable Housing and Green Financing

Financing affordable rental housing is at the heart of what we do. We are committed to affordable housing for the long-term and want to be a part of the preservation, rehabilitation, and new construction of quality rental housing across the United States.

We are leaders in the Green Financing business, which we pioneered by creating financing solutions that incorporate energy and water efficiency and energy-generation concepts into traditional mortgage lending.

Learn more about our products

News

Multifamily Wire

March 8, 2023

Looking for a quick and easy way to convert your existing Structured Adjustable-Rate Mortgage (SARM) Loan to a fixed-rate product?

February 23, 2023

Thank you for your partnership last year in supporting the country’s underserved markets through our 2022 – 2024

February 14, 2023

Today, we released our fiscal year 2022 financial results and filed our Form 10-K for the year ended December 31, 2022 with the SEC.  Click the button below to learn more.

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Market Commentary

February 23, 2024

We believe that the vacancy rate rose by an estimated 0.25% in 2023 to 6.0%, as of December 31, 2023, and that year-over-year rent growth slowed to just 0.8% nationwide.

January 18, 2024

Based on preliminary data, multifamily rental growth  is estimated to have turned negative during the fourth quarter of 2023, after having been at more moderate levels earlier in the year.

December 18, 2023

Inflationary pressures have declined significantly over the past year, and while the 10-Year Treasury rate is elevated compared to recent trends, it remains historically low, as seen in the chart below.

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