Fannie Mae DUS® Fixed Rate Loan Program

Let's move your project forward


Non-recourse, assumable fixed rate financing for the acquisition or refinance of stabilized multifamily rental or cooperative properties

Loan Amount
Minimum $3,000,000

Loan Term
5-, 7-, 10- or 15-year balloon; 20-, 25- or 30-year fully amortizing

25 or 30 years, based on property condition; Interest-only financing is available

Loan to Value Maximum
Maximum 80% of appraised value, or if property has been purchased within the past 12 months, 80% of lower of: a) purchase price, plus value added renovation, plus 3% closing costs, or b) appraisal

Coverage Minimum
1.25x minimum

Domestic single asset borrowing entity is required

Interest Rate
Risk-based “Tier” pricing, varying with LTV and DSC ratios

Prepayment Terms
Yield Maintenance with no lockout, defeasance, or fixed, step-down prepayment schedules

Third Party Reports
MAI Appraisal, Physical Needs Assessment, and Environmental Phase I Assessment are required, plus Seismic Report may be required for properties in Seismic Zones 3 and 4

Tax and insurance escrows are required; Funded Repair and Replacement escrow is required, based on engineer’s Physical Needs Assessment; For loans of less than 65% of value with no deferred maintenance, funding of repair and replacement reserve can be waived at lender’s discretion