Term Sheet Library

The Term Sheet Library is your primary source for accessing all information associated with the products, tools, and resources highlighted within the Financing Options section. Organized alphabetically for easy navigation, the library also lets you filter by category so you can see product term sheets along with any related tools or features.

Term sheet library

Affordable Housing Preservation Term Sheet	A financing option that provides long-term financing or refinancing for stabilized rental properties with rent and income restrictions to help maintain affordable housing for low-income renters.
Bulk Delivery Term Sheet	A customized financing structure which allows borrowers to arrange flexible financing terms for a group of properties with property substitution, supplemental financing, and expansion capabilities.
Choice Refinance Term Sheet	A streamlined refinance execution for existing Fannie Mae loans in good standing, offering streamlined documentation and flexible terms to reduce costs and improve loan performance.
Conventional Properties Term Sheet	A financing option that offers first-lien, permanent mortgages for acquiring or refinancing stabilized conventional multifamily properties.
Cooperative Properties Term Sheet	A loan product for properties with qualified property management and stabilized operating history owned by a cooperative organization —a legal entity where each shareholder has the right to occupy a unit in a multifamily building under a proprietary lease or occupancy agreement.
Credit Facility Term Sheet	A customized financing structure that provides borrowers with a single, revolving structure to fund multiple multifamily properties, allowing for property additions, substitutions, and future expansions under one agreement.
Declining Prepayment Premium Term Sheet	A financing execution for fixed rate Mortgage Loans, Structured ARM Loans (SARM Loans) and Hybrid ARM Loans that allows borrowers to prepay their loan early with a penalty that gradually decreases over time, offering more flexibility than standard prepayment structures.
DUS Mortgage Loans Term Sheet	A first‑lien mortgage option for financing or refinancing stabilized multifamily properties with five or more units, available for certain eligible property types.
Fixed-Rate Mortgage Loans Term Sheet	A flexible financing option that provides stable financing for multifamily properties with predictable payments through a consistent interest rate for the life of the loan.
Green Building Certifications Preferential Pricing Term Sheet	A program incentive offering reduced loan pricing for multifamily properties that achieve Fannie Mae-recognized green building certification requirements, support energy efficiency and sustainability property performance.
Green Rewards Term Sheet	A program feature that offers reduced pricing, additional loan proceeds, and a free High Performance Building Report (energy and water audit) for multifamily properties that commit to energy and water efficiency improvements, helping reduce utility costs and promote sustainability.
Manufactured Housing Communities Term Sheet	A financing option which provides long-term loans for acquiring or refinancing stabilized manufactured housing communities, offering flexible terms and competitive rates.
MBS as Tax-Exempt Bond Collateral (MTEB) - Fixed Rate Term Sheet	An affordable multifamily financing option that uses a MBS as collateral to credit‑enhance new or existing fixed‑rate tax‑exempt bond issues—commonly paired with 4% LIHTC—offering long terms, high leverage, and attractive pricing for qualified affordable housing properties.
MBS Exchange (Taxable Forward) Term Sheet	A forward‑commitment financing option that allows affordable multifamily properties to fund acquisition, construction, rehabilitation, or refinancing with taxable bonds that are later exchanged for a Fannie Mae‑guaranteed MBS, providing low borrowing costs, flexible structures, and execution certainty.
Mod Rehab Supplemental Mortgage Loan Term Sheet	A non‑recourse, subordinate financing option that allows borrowers with an existing mod-rehab loan to access additional capital for recently renovated multifamily properties without refinancing the original loan, offering lower costs and fast execution.
Moderate Rehabilitation (Mod Rehab) Supplemental Mortgage Loan for Affordable Properties Term Sheet	A low‑cost,financing for subordinate loan that allows affordable multifamily housing owners access additional capital after completing moderate renovations—without refinancing the original mortgage—using terms tailored to affordability requirements and the value created by the rehab.
Near-Stabilization Execution Term Sheet	A permanent, non‑recourse multifamily loan that allows borrowers to pay off construction or renovation financing and secure long‑term debt before full lease‑up, for newly built or recently renovated properties with strong leasing momentum and at least partial stabilization.
Seniors Housing Financing Term Sheet	A financing option with flexible terms and competitive rates for stabilized seniors housing properties providing independent living, assisted living, and/or memory care.
Small Mortgage Loan Program Term Sheet	A streamlined, competitive financing option for stabilized multifamily properties up to $9 million.
Sponsor-Dedicated Workforce (SDW) Housing Term Sheet	A product initiative to incentivize the voluntary creation or preservation of workforce housing affordability at 80%–120% of AMI for borrowers who elect to restrict rents on at least 20% of units.
Sponsor-Initiated Affordability Term Sheet	A product initiative to incentivize the voluntary creation or preservation of workforce housing affordability at 80% of AMI for borrowers who elect rent and income restrictions on at least 20% of units.
Standard FHA Risk Sharing Execution Term Sheet	A product execution that allows for a streamlined customer experience for Multifamily Affordable Housing borrowers with properties that have long‑term rent and income restrictions for terms up to 40 years. FHA Risk Share allows borrowers to access FHA financing through the DUS Lender platform.
Streamlined Rate Lock Term Sheet	A financing option offering fast, full-rate certainty to manage interest‑rate risk delivered through streamlined underwriting, with limited breakage fees and expanded delivery tolerance.
Structured Adjustable Rate Mortgage Loans (SARM Loans) Term Sheet	A flexible financing option that provides financing for multifamily properties with a variable interest rate with the option to convert to a fixed rate during the loan term.
Student Housing Term Sheet	A financing option with flexible terms and competitive rates for properties with significant student tenancy, supporting multifamily assets where more than 40% of units are leased to undergraduate or graduate students.
Supplemental Mortgage Loans Term Sheet	A subordinate financing option for borrowers to access additional capital without refinancing their existing Fannie Mae senior mortgage for stabilized multifamily properties.
Tax-Exempt Bond Credit Enhancement Term Sheet	A credit enhancement offering for tax‑exempt bonds, which strengthens the bond rating (AA+) and reduces financing costs for acquiring, refinancing, building, or rehabbing multifamily LIHTC properties.
Unfunded Forward Commitment for 4% LIHTC Transactions Term Sheet	A commitment to purchase loans for newly constructed or substantially rehabbed 4% LIHTC properties to lock in fixed or variable permanent loan terms before construction, providing rate protection and compatibility with tax‑exempt bond structures and Fannie Mae's MTEB execution for a smoother, lower‑cost construction take‑out.
Unfunded Forward Commitment for 9% LIHTC Properties Term Sheet	A commitment to purchase loans for newly constructed or substantially rehabbed 9% LIHTC properties to lock in fixed or variable permanent loan terms before construction, providing rate protection and a smoother, lower‑cost construction take‑out.