Now offering FNMA and Freddie Mac Affordable and Small Apartment Loans

Kendall Realty Advisors
847-903-7578
Scott Kendall Owner

HUD is Making Things Easier for FHA Borrowers

Highlights of new Guidelines

Higher Loan to values for affordable Housing

Davis Bacon rules eliminates for most Affordable Housing Developments

The required minimum reserve balance that lenders must keep on their books has been lowered to reduce pressure on borrowers and encourage loans to be given in support of affordable housing development.

Allowing unit repairs using 223(f) up to $15,000 per unit  and removing 15% of loan limit

After April 1, 2016 HUD paves the way to reduce the MIP (by more than 25%!) if an energy  audit is performed on a property, and then energy improvements are implemented to achieve an Energy Star Benchmarking Score of 75 or greater and Green Certification

MAP Guide

Apartment Lender APARTMENT Loan Rates FHA 223f FNMA DUS FNMA Small Apartment Loans: Time Space Inerest rate convergence Not! Rates ris...

Apartment Lender APARTMENT Loan Rates FHA 223f FNMA DUS FNMA Small Apartment Loans: Time Space Inerest rate convergence Not! Rates ris...:  “I just find that an extraordinarily premature conversation to be having,” Dudley said at a press briefing Friday in New York. “There are a...

Apartment Loans Commercial Mortgages Chicago, Nationally, Small Apartment Loans, FHA 223 F,FNMA DUS, FNMA Small Apartment Loan rates news

Apartment Lender Rates FHA 223F FNMA up way up

Obama push to wind down Fannie, Freddie

Would the markets offer long term interest rates backed by - banks, FNMA and Freddie without a Government Insurance Component - many lenders say not.

Community banks, lenders cast doubt on Obama push to wind down Fannie, Freddie

LIHTC Affordable Multifamily Loan Rates

Affordable Rental Housing Finance LIHTC and Tax Exempt Bonds

Affordable Rental Housing Finance LIHTC and Tax Exempt Bonds

Using FHA FNMA LIHTC BONDS