Apartment Loan Rates

View fannie mae apartment loan program guidelines.

Apartment loan rates.

3 86 4 88. 3 26 4 19. Fnma financing can be used for traditional multifamily properties student housing affordable housing or independent senior living. 3 23 on a 35 year fixed rate from fha is the best apartment multifamily loan rate today followed by a 3 15 10 year fixed rate from fannie mae.

Our 2 95 20 year fixed life company rate is also outstanding. Apartment mortgage loan rates 5 year fixed from 4 45. Multifamily apartment loan rates change daily. One of the best interest rates is from a life company at 3 95 for a 25 year fixed.

Maximum leverage is 80 on purchases and 75 on refinances within designated areas. 5 30 year fixed cash out for any reason rates starting at 3 29. Many regional bank loan programs allow you to lock the rate at application. The average 15 year fixed mortgage rate is 2 550 with an apr of 2 870.

15 year fixed from 4 73. 10 year fixed from 4 68. In the middle is a 15 year fixed fannie mae loan at 3 65. 7 year fixed rates 2 56 up to 80.

Affordable housing and green financing. 7 year fixed from 4 49. Apartment loan rates rates updated september 13th 2020. As of 3 6 20 fannie mae is requiring index floors be set at 0 70 for the 5 year ust 0 80 for the 7 year ust 0 90 for the 10 year ust and 1 30 for the 30 year.

3 17 4 65. Apartment loan rates over 5 000 000 rates start as low as ltv. 3 29 4 32. Fixed amortization rate 30 years.

10 year fixed rates 2 60 up to 80. 09 11 2020 for loans 1 000 000 and above. 5 year fixed rates 2 66 up to 80. 3 35 4 65.

The 5 1 adjustable rate mortgage arm rate is 3 340 with an apr of 4 020. Apartment and multifamily loan rates range from 2 76 for a 35 year fixed fha loan to 4 65 for a 5 year fixed community bank loan. These loans are for stabilized properties only with a minimum 750 000 loan amount with rates that can be fixed or floating. 3 15 3 55.

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.