Fannie Mae & Freddie Mac

Fannie Mae and Freddie Mac are government affiliated agencies that do not actually lend money; instead, they insure loans against default by issuing government bonds. In general, agency-backed loans are available up to 80% loan-to-value, and loans are often available for older assets and properties in less populated geographic areas that other lenders may be unwilling to finance.

Interest Rates

Borrowers should be aware that the interest rates on these loans are not locked until 4-5 days before closing, in contrast to life company loans, where the rate is locked at the time of application; additionally, life company loans generally offer lower interest rates.


  • Exclusively for multi-family property investments and assisted living properties
  • Loans are non-recourse, have long-term fixed rates, and up to 30 year amortization