Fannie Mae Loan Programs for Real Estate Investors | Multifamily, Seniors Housing & More

Fannie Mae Loan Programs

Flexible, Agency-Backed Financing for Real Estate Investors

Fannie Mae loan programs provide reliable, long-term financing solutions for commercial real estate investors. Whether you're acquiring, refinancing, or repositioning income-producing properties, we help you access competitive rates, high leverage, and streamlined approvals — backed by a trusted government-sponsored enterprise.

Property Types Eligible for Fannie Mae Financing

We offer Fannie Mae loans across a diverse portfolio of income-generating property types:

  • Multifamily Investment Properties (5+ units)
  • Mixed-use properties with a significant residential component
  • Residential rental investment properties
  • Student housing
  • Manufactured housing communities

Fannie Mae Multifamily Production (2024 Highlights)

Category2024 Volume (Billions USD)Year-over-Year Change
Total Multifamily Volume$55+Stable
Multifamily Affordable Housing$6.3+Consistent Growth
Small Loans$4.7+Strong Performance
Green Financing$15.1++101%

 

Seniors Housing Properties

  • Assisted living facilities
  • Independent living communities
  • Licensed senior housing (with operator experience & stabilized property count)

Specialty Property Considerations

(Sometimes eligible within mixed-use or portfolio structures)

  • Self-storage facilities
  • Limited-service commercial spaces (if paired with residential use)
  • Hotels/Motels (typically non-agency financed)
  • Restaurants (typically non-agency, unless part of mixed-use)

Fannie Mae Loan Options

Loan ProgramBest ForKey Features
DUS® LoansStabilized multifamilyFlexible terms (5–30 years), non-recourse, assumable, supplemental options
Small LoansUnder $6 millionStreamlined underwriting, competitive pricing
Green RewardsSustainable propertiesUp to 5% more proceeds, lower interest, free energy & water audits
Affordable HousingLIHTC, Section 8, rent-restrictedTailored terms, enhanced LTVs, mission-driven incentives
Seniors Housing LoansLicensed, stabilized communitiesSpecialized underwriting, non-recourse options

 

Why Choose a Fannie Mae Loan?

Fannie Mae loans are a cornerstone of the commercial real estate market — known for their reliability, flexibility, and investor-friendly terms.

  • Loan Amounts: From $1M to $200M+ (no cap under DUS)
  • Loan Terms: 5–30 years, amortization also 5–30 years
  • Interest Rates: Competitive fixed and variable options
  • Leverage: Up to 80% LTV (higher for affordable housing)
  • Recourse: Mostly non-recourse to protect personal assets
  • Assumability: Loans generally assumable (lender approval needed)
  • Rate Locks: Early and extended lock options available
  • DSCR: Typically 1.15x–1.45x depending on property/loan

Underwriting Requirements

  • Debt Service Coverage Ratio (DSCR): Min 1.25x — NOI must exceed debt by 25%
  • Borrower Experience: Proven credit and management history required
  • Senior Housing: Requires operator experience and stabilized portfolio
  • Property Condition: PCA required (2025 mandates electrical panel upgrades)
  • Environmental: Phase I ESA required to assess site risk
  • Occupancy: 90%+ for at least 90 days prior to funding

Ready to Explore Fannie Mae Financing?

Get expert support on your next investment. From initial analysis to underwriting and closing, we help real estate investors unlock the power of Fannie Mae-backed funding.

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