![Small apartment financing simplified with Fannie Mae’s Small Loan Program](https://cdn.prod.website-files.com/655bbd1ad1b870d8b0084fca/65a9164a204d9f1cbca31c44_657c5b37c335cbbdcef65633_181220-multifamily-small-loan-program-city.jpeg)
Navigating the small loan financing world can be complicated. To help you figure out the best path forward for your business initiatives, our team of experts has pulled together a definitive guide to one of the programs at your disposal: the Fannie Mae Small Loan Program.
Fannie Mae has been in the small loan space for more than 20 years, and has provided more than $24 billion of liquidity to this market since 2009. As one of the top Fannie Mae multifamily lenders in the country, our team understands the processes and requirements needed to take advantage of this program.
To kick things off, there are four key benefits to the program:
- Low cost of execution and competitive rates
- Delegated model ensures speed of execution
- Single asset security allows the most flexibility in the market
- Streamlined third-party reports and reduced documentation requirements
Once you understand the benefits, the next step is to determine your eligibility. This program exists for:
- Conventional properties; multifamily affordable housing properties; mixed-use properties; and manufactured housing communities
- Existing stabilized multifamily properties
- Properties with five or more units
- Loans for acquisition or refinance
![Walker & Dunlop terms for Fannie Mae loans for acquisition or refinance](https://cdn.prod.website-files.com/655bbd1ad1b870d8b0084fca/65a911d30b759f07aaa0dd1b_657c5b37c335cbbdcef6564c_181220-multifamily-small-loan-program-terms.jpeg)
Our team has developed a streamlined process, which offers Fannie Mae Financing for fixed and variable-rate acquisition and refinance loans. If you require a deeper dive into the program, and how Walker & Dunlop can help connect you with the financing you need, don't hesitate to contact us.
Learn more about our multifamily small loans lending. Download our complimentary guide to small loan programs today.
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