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Download Term Sheet
FANNIE MAE DUS
Small Loan Program
The streamlined loan process for fixed- and variable-rate Mortgage Loans up to $9 million nationwide.
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LOAN AMOUNT
Up to $9 million nationwide.
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Term
5 – 30 years.
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Amortization
Up to 30 years.
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Interest Rate
Fixed- and variable-rate options available.
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Maximum LTV
80%.
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Minimum DSCR
1.25x.
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Supplemental Financing
Supplemental Loans are available.
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Prepayment Availablity
Flexible prepayment options available, including yield maintenance and declining prepayment premium.
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Rate Lock
30- to 180-day commitments. Borrowers may lock a rate with the Streamlined Rate Lock option.
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Accrual
30/360 and Actual/360.
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Recourse
Non-recourse execution is available with standard carve-outs for “bad acts” such as fraud and bankruptcy.
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Escrows
Lenders are delegated the authority to waive the Replacement Reserve for certain transactions. Replacement Reserve, tax, and insurance escrows are typically required for higher leverage transactions.
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Third-Party Reports
Streamlined inspection and Environmental Screening using the ASTM E-1528-14 protocol.
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Assumption
Non-recourse loans are typically assumable, subject to review and approval of the new borrower’s financial capacity and experience.