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Small Mortgage Loan Program

Fannie Mae DUS®

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Fannie Mae’s Multifamily Mortgage Business offers a streamlined loan process for fixed- and variable-rate Mortgage Loans up to $9 million nationwide.

  • Low cost of execution
  • Competitive rates
  • Delegated model provides Lenders and Borrowers speed of execution
  • Team with experience and scale to support this unique market
  • Single asset security allows the most flexibility in the market
  • Extensive experience serving the small loan market
  • Streamlined third-party reports


  • Conventional Properties; Multifamily Affordable Housing Properties; Cooperative Properties (market rate); and Manufactured Housing Communities
  • Existing, stabilized multifamily Properties
  • Properties with 5 or more units
  • Loans for acquisition or refinance


Loan AmountUp to $9 million nationwide.
Term5-30 years.
AmortizationUp to 30 years.
Interest RateFixed-rate and variable-rate options available.
Maximum LTV80%
Minimum DSCR


Supplemental Financing

Supplemental Mortgage Loans are available.

Prepayment AvailabilityFlexible prepayment options available, including yield maintenance and declining prepayment premium.
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 with standard carve-outs for "bad acts" such as fraud and bankruptcy.
EscrowsReplacement reserves, tax, and insurance escrows are typically required for higher leverage transactions.
Third-Party ReportsStreamlined inspection and Environmental Screening using the ASTM E-1528 14 protocol.
AssumptionNon-recourse Small Mortgage Loans are typically assumable, subject to review and approval of the 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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