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Conventional Properties

Fannie Mae DUS®

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Fannie Mae Multifamily provides first lien permanent mortgage loan financing options for the acquisition or refinance of conventional multifamily properties.

  • Flexible loan terms
  • Competitive pricing
  • Certainty of execution
  • Speed in processing and underwriting


  • Existing, stabilized conventional properties
  • Properties with a minimum of five units
  • Credit-worthy single-asset U.S. borrower with U.S. ownership
  • Borrowers may have indirect foreign ownership interest, subject to proper structuring of the borrowing entity and its parent
Term5-30 years.
AmortizationUp to 30 years.
Interest RateFixed-rate and variable-rate options available.
Maximum LTV80%
Minimum DSCR1.25x
Property Considerations

Properties must have stabilized occupancy (typically 90%) for 90 days prior to funding.

Loan commitments for pre-stabilized properties will be considered on a case-by-case basis.

Supplemental FinancingSupplemental Mortgage Loans are available.
Prepayment AvailabilityLoans may be voluntarily prepaid upon payment of yield maintenance for fixed-rate loans and declining prepayment premium for variable-rate loans.
Rate Lock30-day to 180-day commitments. Borrowers may rate lock using the Streamlined Rate Lock option.
Accrual30/360 and Actual/360.
RecourseNon-recourse execution is available for most loans greater than $750,000. Standard carve-outs required for “bad acts” such as fraud and bankruptcy.
EscrowsReplacement reserve, tax, and insurance escrows are typically required.
Third-Party ReportsStandard third-party reports required, including Appraisal, Phase I Environmental Site Assessment, and Property Condition Assessment.
AssumptionLoans are typically assumable, subject to review and approval of the proposed new borrower’s financial capacity and experience.


During the HomeStreet Bank pre-qualification review, our Commercial Real Estate Group team members will estimate the loan amount and associated transaction fees. Actual loan amounts and transaction-related expenses may vary. A pre-qualification estimate is not a loan commitment.

Terms and conditions may apply.
Fannie Mae® is a registered trademark of Fannie Mae. DUS® is a registered trademark of Fannie Mae.

All loans subject to approval.

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