Multifamily
Freddie Mac multifamily
A Freddie Mac multifamily loan is a non-recourse mortgage on a stabilized apartment property, originated by a Freddie Mac Optigo lender and sold to Freddie Mac. It offers fixed- and floating-rate structures, with sizing set by the lesser of loan-to-value and debt service coverage tests.
Key facts
Figures as of 2026-10-31. Program rules change by notice, so an advisor confirms current terms with lenders before you rely on any figure.
| Item | Figure | Source and date |
|---|---|---|
| Max LTV | 80% | Corin sizing estimate; as of 2026-10-31 |
| Minimum DSCR | 1.25x | Corin sizing estimate; as of 2026-10-31 |
| Typical term / amortization | 10-year fixed / 30-year schedule | Corin sizing estimate; as of 2026-10-31 |
| Freddie Mac Conventional Small Balance | Freddie Mac Conventional Small Balance: roughly $2M–$10M, 80% LTV, 1.25x DSCR | Corin estimate, varies by lender; as of 2026-10-31 |
| Program status | Freddie Mac's SBL program was reportedly retired on 2026-04-15 | Corin estimate, varies by lender; as of 2026-10-31 |
| Indicative pricing | Ten-year Treasury + 1.45–1.85 points | Corin sizing estimate; as of 2026-10-31 |
What Freddie Mac loans suit
Freddie Mac is a strong option for stabilized apartments where certainty of execution and a non-recourse structure matter. Smaller properties use its small-balance product, and larger ones use the standard conventional program.
Small-balance programs have been revised recently. Treat the details in the facts table as a starting point and have an advisor confirm the product in force.
Choosing between agencies
Leverage and coverage are close, so pricing, prepayment structure, available terms and the lender's execution become the differentiators. We solicit quotes from lenders on both platforms so the comparison reflects real terms.
Frequently asked questions
Is Freddie Mac's small balance program still available?
Freddie Mac's SBL program was reportedly retired on 2026-04-15. Freddie's conventional small product remains the reference point; confirm with a lender.
Can Freddie Mac lend on value-add properties?
Freddie has transitional and value-add structures, but most agency loans require stabilized income. A bridge loan commonly covers renovation first.
Is Corin the lender on a Freddie Mac loan?
No. Corin is a broker and arranges the loan with a Freddie Mac lender, which makes the credit decision and funds the loan.
Related programs
- Fannie Mae multifamilyFixed-rate, non-recourse agency loans for stabilized apartment communities.
- HUD 223(f) multifamilyLong-term, fixed-rate, non-recourse refinance for existing apartment communities.
- Multifamily bridgeFloating, interest-only debt for value-add apartment business plans.
- DSCR investor loansRental property loans underwritten on the property's debt service coverage.
- Multifamily financingHUD, agency, bridge and DSCR options for apartment owners.
Talk through your deal with an advisor
Send the basics and a licensed Corin advisor reviews which programs and lenders may fit, or size the loan yourself first.