Apartment Lender Apartment Loan Pricing

Rates under 4% plus MIP for FHA 223 f FNMA and Freddie Mac are near low for 2011

Check out http://www.kendallrealtyadvisors.com/ApartmentLoans.html

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APARTMENT LOAN RATES FNMA FREDDIE MAC FNMA LARGE AND SMALL LOANS

Apartment Refinance and Purchase Loan FHA Fannie Mae DUS Freddie Mac: http://bit.ly/Wrs4l

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Apartment Loan Rates steady today as Treasuries move up and down in small range

Click links below for May 13, 2011 apartment lender rates


FHA 223(f) FNMA and Freddie Mac Large Loan Rates
FNMA Small Apartment Loan Rates

Apartment Loan Checklist

Notes from Michael McRoberts, VP of Multifamily Production & Sales, Freddie Mac conference call

The national apartment market has moved off its bottom, and apartment occupancy and rent fundamentals are in a perfect storm upward thanks to the single family predicament, pent up demand and the low apartment building starts during the great recession. 


Freddie Mac would like to expand Student Housing Lending and Senior Housing perm. loan production due to great results with the portfolio.


The percentage of apartment purchase loans to refinance loans has increased to one third from twenty five percent 2010. Total Multifamily perm. volume expected to rise this year. Freddie Mac off to slow start but expect big finish based on lender pipelines, hoping to exceed its $16 Billion multifamily goal for 2011.  Insurance companies are back expected to loan $10 billion but due to higher volume of loans not cut into agency volume, FHA and Fannie Mae also   holding 2010 market share.


Surprisingly 1 in 7 new Freddie Mac loans is a Capped Arm with interest rates in 4 +% range and interest rate caps at 6.25%, but very flexible prepayment terms.


Overall apartment occupancy and net incomes are up, apartment loan production should exceed 2010. Most loans are being sold using the capital markets/MBS style transactions which pool the loans then slice the cash flow priorities on the loan pools and sell the pooled slices of cash flow in three or more pools as senior / B Bonds / and mezz debt. This process currently produces the best rates.

Federal - FNMA FHA Freddie Mac Drop in loan limit May Hurt Upscale Housing

Bad News for Upscale For Sale Developers - Good News High End Apartment Owners

New Home Loan Limits for FNMA FHA Freddie Mac http://nyti.ms/kkKGEr

The average loan limit will fall about 15 percent, to a maximum $625,500, in area's of high median income, but not back to the lower 2008 level.

Test for private mortgage lenders , result may be larger down payments, higher credit scores

Old about 20 percent down payment on a new home new (30%?)

If a bigger deposit were required,  more renters

With the Government take over of FNMA and Freddie Mac and the decision to wind them down over ten years housing finance costs will go up much more for those over the limits.  Insured loans will see a small increase mortgage insurance premiums, Jumbo loan borrowers will have to pay the going spread for private loan pools and face strict private lender requirements. This could raise interest rates one or more percent on Jumbo loans even with the higher down payments and credit scores.


The government will no longer insure over the new limit mortgages and the historic effective interest rate savings for government or agency insurance has been estimated at about one percent during normal lending times.


The housing finance system of the future will cost more for borrowers, but the government will still provide home loan mortgage insurance for the majority of home owners in moderately priced homes.

Apartment Loan Rates May 9, 2011

Apartment Lender Apartment Loan Pricing http://goo.gl/ecuvQ FHA 223(f) FNMA Large and Small Loans Commercial Mortgage Rates

APARTMENT LOAN RATES HIT LOWEST LEVELS SINCE MARCH

SILVER GOLD OIL HIT SELL OFF DOLLAR UP
TEN YEAR TREASURIES GO TO 3.18% LOWEST SINCE MARCH

FHA 223(F) NOW 4.25% PLUS MIP
AGENCY RATES FROM HIGH 4% TO MID 5%
SMALL APARTMENT LOANS 10 YEARS MID 5%

APARTMENT LOAN PROGRAMS

Apartment Loan Rates Nationally

Small Apartment Loans 10 year fixed rate loans 5.65% $750,000 and up
Bank lending heats up 5-50 units Chicago Area 5% and up
Large Apartment Loans 10 year fixed rate FNMA 5.45% - Seven Year loan 4.96%

Rate reduction for large deal with competing Freddie quote 20 or more basis points can reduced to match other quoted rate but with a much faster delegated closing.
APARTMENT LOAN PROGRAMS

FHA 223(f) 4.5% plus MIP

Chicago Apartment Loan Rate National Loan Rates Apartments

FNMA 10 year apartment 5.49% - Seven Year 5.09% FHA 223(f) FHA 232 223(f) 4.5% plus MIP 

Small Apartment Loans 10 years fixed 5.67%


SEE LINK BELOW FOR UPDATES

Apartment Rate UPDATES