Small Loans

Fannie Mae has been financing small loans for over 20 years. We have the experience, scale, and expertise to deliver on these unique deals – and the commitment to keep delivering, year after year and deal after deal. Three factors differentiate us from our competitors:our Delegated Underwriting and Servicing (DUS®) model, which encourages flexibility and certainty of execution; our broad range of products, tailored to meet the needs of small loans borrowers; and our long history as Multifamily Small Loans market leaders.

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Fannie Mae Small Loans

Servicing	Single-asset model ensures simplified asset management; no other master servicer or B-piece buyer involved
Delegated Model	Yes
Eligible Properties	• Conventional multifamily (including Section 8 vouchers) • Cooperatives (New York City MSA; Boston, MA; Chicago, IL; Los Angeles, CA orWashington DC MSA) • Manufactured Housing Communities
Markets	Nationwide
Loan amount	Up to $6 million nationwide
Loan terms	5-to 30-yearfixed-rate
Interest only	Part- or full-term available
Prepayments	Yield maintenance and graduated prepayment options available
Rate lock	30- to 180-day commitments. Borrowers may lock a rate with the Streamlined Rate Lock optio
Securitization	Simple single-asset security model