FNMA DUS Apartment Loan Rates are near historice lows

FNMA DUS Large Apartment Loan Rates are near historic lows.

Rates are in the low 5% range for fixed rate non-recourse commercial 10 year apartment loans. FNMA large loans are available nationally for owners seeking $5,000,000 or more, for the purchase or refinance of apartment complexes.

The Small Loan program for loans under $5,000,000 is a great program for borrowers looking to lock in low rates for ten years. Rates for small loans are around 5.5% fixed for ten years. These loan are for properties of 5 or more units with loans from $750,000 to $5,000,000 in the Chicago area.

Small Loans FHA 223 F Rate Update

The FNMA Small loan program for Chicago is working well. Rates are in the high 5% and loans are closing in about 60 days from start to finis. The loan application cost is only $4,500 for all reports.

FHA 223 F rates have dropped below 5% all in for 35 year fixed rate loan these transactions take at least 4 months to process and the application fees run closer to $20,000 for most transactions plus FHA's application fee.