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Types of Multifamily Loans

There are several types of multifamily loans available, each catering to different investor needs and property sizes. The most common types include:

• Conventional Multifamily Loans: Offered by banks and financial institutions, these loans typically require a down payment of 20-30% and are best suited for investors with strong credit histories.
• FHA Multifamily Loans: Insured by the Federal Housing Administration, these loans are ideal for first-time investors as they offer lower down payments and more flexible credit requirements.
• Freddie Mac and Fannie Mae Loans: These government-sponsored enterprises provide competitive rates and terms for multifamily properties, making them popular among seasoned investors.
• Portfolio Loans: Tailored for investors with unique needs, portfolio loans are held by the lender and offer more flexibility in terms of underwriting and property types.