Loan commitments for these are often made within 45 days, which is faster than many of Freddie Mac’s more stringent programs.įixed-rate conventional loans are able to be used for so many different projects because they have flexible terms, which can be adjusted for a particular project’s needs. These loans can be used to finance standard housing projects, as well as affordable housing (Section 8 and certain LIHTC), senior housing, student housing, and even housing cooperatives. The Freddie Mac Fixed-Rate Conventional is one of the agency’s most flexible loan programs. The government-sponsored agency’s various programs can be categorized according to interest rate structure, type of housing, and specialized programs.

Most real estate investors are able to qualify for at least one of the programs, however, because there are so many different multifamily financing options available. (Programs have maximum amounts that can be borrowed.)Īll of Freddie Mac’s loan programs have certain requirements that must be met, and there isn’t room for negotiation on requirements. Loans are also available for much larger projects, with no real maximum on the number of units a project can have. The multifamily loan programs that Freddie Mac offers are generally for structures that have five or more units, which may be in a single building or spread out across multiple structures. The Federal Home Loan Mortgage Corporation (Freddie Mac) has a variety of commercial real estate loan programs available, including programs for both single-unit and multifamily housing.

Freddie mac home loan program