Affordable Housing Preservation
Offering long-term financing or refinancing solutions for stabilized rental properties with rent and income restrictions.
Learn more about our streamlined refinance execution for Fannie Mae Portfolio Mortgage Loans in good standing.
See our first-lien permanent mortgage loan financing options for the acquisition or refinance of conventional multifamily properties.
Fannie Mae Multifamily provides financing options for properties owned by a Cooperative Organization, which is a corporation or other legal entity where each shareholder or equity owner is granted the right to occupy a unit in a multifamily residential property under a proprietary lease or occupancy agreement.
Credit Enhancement of Variable Rate Tax-Exempt Bonds (Index Bonds)
Credit enhancement for variable-rate tax-exempt bonds issued to finance the acquisition, new construction, refinancing, or moderate to substantial rehabilitation of multifamily properties. These bonds have no put feature and therefore no liquidity fees.
Declining Prepayment Premium
Fannie Mae Multifamily offers a Declining Prepayment Premium (also known as Graduated Prepayment Premium) that provides a flexible prepayment premium structure for fixed rate Mortgage Loans, Structured ARM Loans (SARM Loans) and Hybrid ARM Loans.
Our loans are securitized on a single-asset basis, providing creative structuring flexibility.
DUS Mortgage Loans
First-lien permanent mortgage loan financing options for the acquisition and/or refinancing of multifamily properties.
Fixed-Rate Mortgage Loans
Flexible fixed-rate options for acquiring or refinancing multifamily properties.
MBS as Tax-Exempt Bond Collateral (MTEB) - Fixed Rate
A Fannie Mae Multifamily MBS that can be used as collateral to credit enhance either (i) existing fixed-rate bond refundings, or (ii) new fixed-rate bond issues in conjunction with 4% Low-Income Housing Tax Credits (LIHTC).
MBS Exchange (Taxable Forward)
Fannie Mae Multifamily provides a forward commitment to issue an MBS for taxable bonds issued to finance the acquisition, new construction, refinancing, or moderate to substantial rehabilitation of multifamily properties.
Mod Rehab Supplemental Mortgage Loan
Learn about our subordinate financing options for multifamily properties that have completed moderate rehabilitation.
Moderate Rehabilitation (Mod Rehab) Supplemental Mortgage Loan for Affordable Properties
Subordinate financing options for affordable multifamily properties that have completed moderate rehabilitation.
Permanent mortgage loan financing for newly constructed or recently renovated conventional and affordable multifamily apartment communities expected to achieve stabilized occupancy within 120 days.
Reduced Occupancy Affordable Rehab (ROAR) Execution
Permanent mortgage loan financing for Multifamily Affordable Housing (MAH) Properties in need of renovations, eliminating the need for a construction loan.
Standard FHA Risk Sharing Execution
The Standard FHA Risk Sharing execution for Multifamily Affordable Housing (MAH) transactions provides better pricing for Borrowers while retaining the ease of working with their Fannie Mae Lender. MBS and Credit Enhancement Mortgage Loans for bond executions are available.
Streamlined Rate Lock
Our Streamlined Rate Lock (SRL) option allows Borrowers to manage interest rate risk, while keeping flexibility and speed to rate lock in mind. SRL is available on all fixed-rate loans for the acquisition or refinance of multifamily properties.
Structured Adjustable Rate Mortgage Loans (SARM Loans)
Long term financing with a very competitive variable interest rate that is convertible to a fixed-rate for the acquisition or refinance of multifamily properties.
Supplemental Mortgage Loans
Learn about our subordinate financing options for multifamily properties with an existing Fannie Mae Mortgage Loan.
Tax-Exempt Bond Credit Enhancement
We provide credit enhancement for tax-exempt bonds issued to finance the acquisition, new construction, refinancing, or moderate to substantial rehabilitation of multifamily properties.
Unfunded Forward Commitment for 4% LIHTC Properties
An unfunded forward commitment to issue an MBS upon completion of construction and conversion to a permanent Mortgage Loan for Multifamily Affordable Properties. The MBS as Collateral for Tax-exempt Bonds (MTEB) execution is an available option for 4% LIHTC transactions. MTEB and 80/20 executions are available options for Unfunded Forward Commitments.
Unfunded Forward Commitment for 9% LIHTC Properties
An unfunded forward commitment to issue an MBS upon completion of construction and conversion to a permanent Mortgage Loan for Multifamily Affordable Properties using 9% LIHTC.