The Federal National Mortgage Association (FNMA), otherwise known as Fannie Mae is a publicly traded corporation that is sponsored by the federal government. Fannie Mae does not originate or provide mortgages to borrowers. It purchases and guarantees them via the secondary mortgage market. In fact, it's one of two of the largest purchasers of mortgages on the secondary market. For more than 80 years, Fannie Mae’s purpose has been to make more bank mortgages available, by guaranteeing them through investments known as mortgage backed securities. By investing in the mortgage market, Fannie Mae creates more liquidity for lenders.
Fannie Mae loans are a great way to purchase or refinance multifamily or healthcare properties. Because this type of lending is secured or guaranteed, borrowers enjoy more attractive interest rates and terms as compared to conventional loans.
There are many types of Fannie Mae Loans available through LSG Lending Advisors:
Fannie Mae Multifamily Loan Requirements
The portfolio of Fannie Mae lending products has varying loan provisions, as each program has unique design features. As you review which Fannie Mae loan might be right for your multifamily or healthcare property, it’s very important to familiarize yourself with the requirements of each loan.
- Loan Terms
- Loan to Value Ratio (LTV)
- Property Considerations
- Pre-Payment Provisions
- Recourse Policy
- Escrow/Insurance Requirements
- Assumption
- Processing Fees
The financing experts at LSG Lending Advisors have many years of experience helping our customers obtain the perfect Fannie Mae loan for their multifamily or healthcare properties. Contact us today to learn about your options and how we can make the Fannie Mae loan application process easy and fast for you.