Fannie Mae & Freddie Mac Agency Loans

Agency loans from Fannie Mae and Freddie Mac are the most competitive financing option for stabilized multifamily properties. These government-sponsored enterprise programs offer the lowest rates, highest leverage, and longest terms available for conventional, affordable, and manufactured housing communities nationwide.

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Agency Loans at a Glance

Loan Amount
$1M to $100M+
Term
5 to 30 Years
Rates
5.34% to 6.75%
Ltv
Up to 80% LTV
Amortization
30 Years
Recourse
Non-Recourse Standard

Fannie Mae & Freddie Mac Multifamily Financing

Agency financing dominates the multifamily capital markets because Fannie Mae and Freddie Mac are purpose-built to provide liquidity for rental housing. Program options include Fannie Mae DUS and Small Balance Loans, Freddie Mac Optigo Conventional and Small Balance Loans, and specialized executions for affordable, seniors, student, and green-certified properties. Commercial Lending Solutions has direct relationships with every major agency DUS and Optigo lender, ensuring borrowers see the full menu of rate, term, and structure options before locking a quote.

Lender Sources

  • Fannie Mae DUS Lenders
  • Freddie Mac Optigo Lenders
  • Fannie Mae Small Balance Loan Lenders
  • Freddie Mac Small Balance Loan Lenders

Ideal For

  • Stabilized conventional apartments
  • Affordable and workforce housing
  • Manufactured housing communities
  • Student housing properties
  • Senior independent and assisted living
  • Green-certified and energy-efficient multifamily

Related Property Types

Agency Loans are available for all major commercial property types. Explore financing by property category.

Related Insights

Agency Loans FAQ

Agency loans are multifamily mortgages originated by Fannie Mae DUS and Freddie Mac Optigo lenders and purchased or securitized by the agencies. They are the most competitive source of capital for stabilized apartment properties, offering the lowest rates, highest leverage, and longest terms in the market.
Agency small balance loan (SBL) programs start at $1,000,000, while the standard DUS and Optigo programs typically begin at $5M to $6M. Both programs scale up to $100M+ per loan for larger portfolio transactions.
Fannie Mae and Freddie Mac agency rates typically range from 5.34% to 6.75% depending on term, leverage, and property quality. Green-certified and affordable properties often qualify for additional rate discounts of 10 to 20 basis points.
Yes. Both Fannie Mae and Freddie Mac agency loans are non-recourse as standard, subject only to customary carve-out guarantees for fraud, intentional misrepresentation, environmental liability, and other bad-boy acts.
Agency loans typically close in 45 to 90 days. Small balance loans often close faster (30 to 60 days) because they use streamlined underwriting, while large conventional deals with complex structures may take 90 days or more.
Agency financing is available for conventional multifamily, affordable and workforce housing, manufactured housing communities, student housing, seniors independent living, and certain assisted living properties. Pure seniors housing with heavy care is typically financed through HUD 232 rather than agency.

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Contact Commercial Lending Solutions for a free, no-obligation quote on agency loans. We respond within 24 hours.

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Or call us: 310.758.4042

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