Government Sponsored Enterprise Loans
With Mizar you can access funds through Fannie Mae and Freddie Mac.
The Federal National Mortgage Association (FNMA) is best known as Fannie Mae, and exists to provide liquidity to the multi-unit housing market. Fannie Mae is a government sponsored enterprise (GSE), and these types of loans are one of the largest sources of capital in the multi-unit housing market.
The Federal Home Loan Mortgage Corporation (FHLMC) is best known as Freddie Mac, and just like its rival Fannie Mae, it’s a GSE. Both Fannie Mae and Freddie Mac issue insurance for multifamily mortgages underwritten to its guidelines, and both provide funding for the purchase or refinance of multi-unit housing.
Benefits of Fannie Mae and Freddie Mac loans:
- Pricing is tiered & risk-based
- Offer early & extended rate locks
- Interest only payment options
- Financing on them is flexible
- Customized fixed rate terms from 5-30 years
- Loans from $5 million
- Competitive rates
- Offer supplemental loans & mezzanine financing
To find out if Fannie Mae or Freddie Mac is the best lending platform for you and find out if you qualify, get in touch with us. We’ll not only determine the best course of action based on what your real estate goals are, but also continue to guide you after the transaction is complete. Whether you’re looking to purchase an apartment complex or refinance on highrise lofts, we’ve got you covered.
We’ve mastered the rules and regulations that surround these economic development programs, giving you the best chances at getting funded. We invite you to find out why Mizar Commercial is the top lending partner of choice for so many individual investors and business owners.
Please be aware that Mizar Commercial is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.