HomeStreet Approved As Lender Under Fannie

Posted by Orb Staff on May 19, 2010 No Comments
Categories : Commercial Mortgage

Seattle-based HomeStreet Capital has been designated an approved lender under the Fannie Mae Small Loan Program for multifamily properties. HomeStreet has been a licensed participant in Fannie Mae's Delegated Underwriting and Servicing multifamily loan program since the program's inception in 1988.

The recently modified Small Loan Program provides a streamlined approach for multifamily investment properties. Typically, loans range in size from $500,000 to $5 million and are available at fixed- or adjustable-rate terms. Properties must have a minimum of five multifamily units, and commercial space is allowed up to 35% of the total building square footage.

SOURCE: HomeStreet Capital

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