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FANNIE MAE® DUS

Healthy Housing Rewards Healthy Design

We offer financial incentives to Multifamily borrowers who invest in the health and well-being of the people who live in affordable housing properties.

BENEFITS

  • Lower interest rate.
  • Reimbursement for Healthy Design Certification.
  • Flexible underwriting to specific affordable developments.
  • Flexible loan terms, and fixed- or variable-rate financing options.
  • Certainty and speed of execution.
  • ELIGIBILITY
    • Affordable Housing properties with at least 60% of the units affordable at 60% of Area Median Income or less.
    • Must obtain Healthy Design certification from an approved Fannie Mae provider.
    • One-time benefit per borrower per property. Cannot be combined with Healthy Housing Rewards Enhanced Resident ServicesTM.
  • PRICING

    Up to 15 basis points interest rate discount.

  • TERM

    5 – 30 years.

  • AMORTIZATION

    Up to 35 years.

  • HEALTHY DESIGN CERTIFICATION

    Certification fee cost (up to $6,500) reimbursed by Fannie Mae.

  • INTEREST RATE

    Fixed- and variable-rate options available.

  • MAXIMUM LTV

    Varies by product type.

  • MINIMUM DSCR

    Varies by product type.

  • PREPAYMENT AVAILABILITY

    Flexible prepayment options available including yield maintenance and declining prepayment premium.

  • LOAN AMOUNT

    No minimum or maximum.

  • RATE LOCK

    30- to 180-day commitments. Borrowers may lock the interest rate using Streamlined Rate Lock option. Confirmation of Healthy Design certification is required prior to rate lock.

  • ACCRUAL

    30/360 and Actual/360.

  • RECOURSE

    Non-recourse execution with standard carve-outs for “bad acts” such as fraud and bankruptcy.

  • THIRD-PARTY REPORTS

    Standard third-party reports, including Appraisal, Phase I Environmental Assessment, and a Property Condition Assessment, are required. Confirmation of Healthy Housing Rewards features and eligibility is required.

  • ASSUMPTION

    Loans are typically assumable, subject to review and approval of the new borrower’s financial capacity and experience.


In its prequalifying review, Lument will attempt to estimate both the loan amount and the fees and costs associated with the transaction. Actual loan amounts and actual fees and expenses may vary from the prequalifying estimates. A prequalifying estimate is not a commitment to make a loan.

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