freddie mac guidelines for 5 to 10 properties

Targeted Affordable Housing Program: For properties in underserved neighborhoods that low-income families can afford to rent.

Multifamily Small Balance Loan Program: This is a program for small multifamily buildings with 5 to 50 units valued at $1 million to $7.5 million.

In addition to the CLP program, Freddie Mac also operates the following multifamily programs: The CLP offers term sheets on multiple loan types, including: The CLP targets properties in the $5 million to $100 million range, though exceptions are possible. It pools the mortgages it buys, and issues mortgage backed securities backed by the pools. Note that these loan guarantees come from Freddie, not from the U.S. Freddie Mac collects fees in return for guaranteeing the loans. Under this program, more than 150 lenders nationwide originate, close, and sell conventional multifamily mortgage to Freddie. What are Freddie Mac Multifamily Loans?įreddie Mac multifamily loans are guaranteed loans made chiefly through the Conventional Loan Program (CLP). The discussion will include the current program guidelines and Freddie Mac multifamily loan rates. In this article, we’ll look at how Freddie Mac supports the marketing for financing multifamily properties. Freddie calls its multifamily loan business “Optigo.” Whatever you think of the name, you can’t ignore the huge impact Freddie has on the multifamily loan segment. However, Freddie works with mortgages from smaller banks (“thrifts”) while Fannie deals with large banks.

It is a government-sponsored entity (GSE) similar to Fannie Mae. The Federal Home Loan Mortgage Corporation (Freddie Mac) is one of the largest players in the multifamily finance segment. Freddie Mac Multifamily Loans – The Perfect Introduction

Freddie mac guidelines for 5 to 10 properties