Fannie Mae and Freddie Mac are the two largest institutional buyers of mortgage-backed securities on the secondary market.

The truth is that all of these loans still have the overlays of each lender, and it’s what the lender requires that matters. These SBA, HUD, USDA, and conventional loans are referrals; you only need to know some things. There are so many variations, exceptions, and special underwriting. Most nonrecourse loans still require personal guarantees; it is just that if the loan defaults, they will not come after your personal property unless there is fraud. Those carve-outs usually pertain to fraud. Fannie Mae often approves loans easier than Freddie Mac senior housing, student housing, affordable housing tax credit LIHTC usually has the highest LTVs. Often a non-profit will get 5% to 10% higher LTV. I will partner with these potential borrowers using my non-profit and HUD sponsorship status, taking 25% to 50% of the project.

Small balance loans from $1MM to $7 mm have an 80% LTV for apartments

• This discussion was modified 1 year, 5 months ago by  Gustan Cho.

The Role of Fannie Mae and Freddie Mac on Conventional Loans. As mentioned earlier, the role of Fannie Mae and Freddie Mac is to keep liquidity and stability in the housing and mortgage markets.

• This discussion was modified 1 year, 11 months ago by  Sapna Sharma.
• This discussion was modified 1 year, 11 months ago by  Sapna Sharma.
• This discussion was modified 1 year, 11 months ago by  Gustan Cho.
• This discussion was modified 1 year, 11 months ago by  Gustan Cho. Reason: Wrong information