Call freddie mac phone number for lenders

#Call freddie mac phone number for lenders full#

The terms for these types of loans are between 5-30 years and generally funds of $5M to $100M are available.

#Call freddie mac phone number for lenders full#

Must have a minimum of one bathroom for every two bedrooms, and each apartment must have a full kitchen.Located within two miles of a college/university or on a public transportation route.Associated with schools that have a minimum of 8,000 students.Eligible properties will have the following characteristics: These loans can be used to acquire or refinance properties. Student housing properties associated with colleges or universities that meet certain eligibility requirements may qualify for a Freddie Mac Student Housing loan. Fixed rate, floating rate and supplemental loans are available to borrowers. The terms of these loans can range between 5-30 years and the loan to value ratio (LTV) can vary between 60-75%. The loan program is intended for individuals who have prior experience operating such facilities and funds can be used to purchase or refinance properties. The Freddie Mac Senior Housing program is designed to be utilized by operators/owners of the following properties that cater to the needs of senior citizens:

Freddie Mac loans are ideal vehicles for people who want to purchase senior or student housing properties. Freddie Mac purchases mortgages from banks and creates securities, which are investments backed by these loans. The Federal Home Loan Mortgage Corporation, or Freddie Mac, is owned by and administered through the United States Government.