MOCO Financial Services
MoCo financial services include: a suite of mortgage financing options for multifamily properties, across refinance, acquisition, construction and bridge loan executions, as well as full mortgage servicing, for low-, moderate- and middle-income communities. We are a Freddie Mac Optigo lender, Fannie Mae lender, and Federal Housing Administration (FHA) Multifamily Accelerated Program (MAP) approved lender.
FANNIE MAE
Fannie Mae Multifamily Affordable Housing
- Flexible loan terms, and fixed- or variable-rate financing options
- Flexible underwriting to specific affordable developments
- 5 – 30-year terms
Fannie Mae Small Mortgage Loan Program
- 5 – 30-year terms
- Loans from $750,000 to $6 million in eligible markets
- Eligibility: Conventional properties; Multifamily Affordable Housing Properties; Cooperative Properties (market rate); and Manufactured Housing Communities.
FHA
FHA Section 221(d)(4)
- Multifamily construction or substantial rehabilitation financing
- 40-year terms
- Northeast Region and others on case-by-case basis.
- Minimum loan size: $2 million
FHA Section 223(f)
- Multifamily refinance and acquisition
- Long-term fixed rate
- Up to 90% LTV
FREDDIE MAC
Freddie Mac Targeted Affordable Housing
- Fixed or floating-rate financing
- Interest-only options available
- Up to 80% - 90% LTV
- 7- 30-year or up to 30-year amortization
- Up to 3.5 year forward rate-lock available
Freddie Mac Conventional Financing
- Loan Size: $5 million - $100 million
- 5, 7, 15-year terms; 30-year Amortization Standard
- Fixed rate
Freddie Mac Small Balance Loan
- Loan Size: $1 million - $7.5 million
- 5, 7, 15-year Fixed-rate loan; 20-year Hybrid ARM
- 30 -year Amortization Standard in all markets