FNMA/Freddie Mac Loan Program
Loan Limits
$1,000,000 – $50,000,000
Recourse
Non-Recourse (With standard carve-outs)
Loan Types
Acquisition
Refinance
Cash-Out Refinance
Maximum LTV
80.0% (Purchase and refinance)
75.0% (Cash-out)
Net Worth Minimum
Must be at Least Equal to the Loan Amount
Post Closing Reserve Minimum
9 Months Liquidity
Occupancy Type
Investor
Occupancy Minimum
85.0%
Eligible Locations
Primary & Secondary Markets Nationwide
DSCR Minimum
1.25x
Collateral Eligible
Multifamily, 5 Units & Up (Commercial space allowed up to 35%
of net rentable area and maximum 20% of effective gross income)
Interest Rate
5.5% - 6.75% (Credit, Property Type, and Location Driven)
Credit Minimum
680 Middle
Amortization
30 Years
Loan Points
0.00% - 1.00%
Term
5 & 10 Year Fixed
Prepay
Yield Maintenance
Closing Time Frame
45 – 60 Days
The Continental Finance Difference
Nationwide Program
Competitive Terms
You and Your Clients are Completely Protected
Charge up to 2.00% Origination Points