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Freddie Mac Small Balance Loans

Non-Recourse, Fixed and Adjustable-Rate Apartment Financing

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Interest Rates

Interest Rate Information for the Freddie Mac Small Balance Loan Program

Freddie Mac Optigo Small Balance Loans have some of the most competitive interest rates on the market, especially considering that they allow investors to take out loans as small as $750,000. Fortunately, the SBL program offers a variety of both fixed and floating-rate mortgage options. This can be beneficial, as different investors may have different investing timelines, and thus different needs. For instance, an investor who wishes to sell the property within 3-4 years may opt for a lower-cost, floating-rate loan, while an investor who wants to keep the property for 10+ years may want to take out a fixed-rate loan in order to reduce their risk exposure.

Rates vary between Top, Standard, Small, and Very Small Markets. In addition, pricing is further broken down by region, as Freddie Mac has divided the U.S. into 5 distinct regions for the purposes of SBL pricing. Right now (July 2019), interest rates for Freddie Mac Small Balance Loans range from 4.08% to 5.16%. We have broken down rates by region and market size below:

Northeast

Delaware, Pennsylvania, New Jersey, New York, Rhode Island, Connecticut, Massachusetts, Vermont, New Hampshire, Maine

Market Tiers5-Year Hybrid7-Year Hybrid10-Year Hybrid5-Year Fixed7-Year Fixed10-Year Fixed
Top Markets4.23%4.37%4.57%4.23%4.42%4.57%
Standard Markets4.51%4.52%4.61%4.66%4.62%4.66%
Small Markets4.90%4.76%4.95%4.90%4.86%5.00%
Very Small5.11%4.95%5.11%5.11%5.05%5.16%

Southeast

Arkansas, Louisiana, Mississippi, Tennessee, Alabama, Georgia, Florida, South Carolina, North Carolina, Virginia, West Virginia, Maryland

Market Tiers5-Year Hybrid7-Year Hybrid10-Year Hybrid5-Year Fixed7-Year Fixed10-Year Fixed
Top Markets4.18%4.42%4.47%4.23%4.47%4.47%
Standard Markets4.51%4.57%4.61%4.56%4.67%4.66%
Small Markets4.85%4.71%4.70%4.85%4.81%4.75%
Very Small5.06%4.90%5.06%5.06%5.00%5.11%

North Central

North Dakota, South Dakota, Nebraska, Kansas, Missouri, Iowa, Minnesota, Wisconsin, Michigan, Illinois, Missouri, Indiana, Ohio, Kentucky

Market Tiers5-Year Hybrid7-Year Hybrid10-Year Hybrid5-Year Fixed7-Year Fixed10-Year Fixed
Top Markets4.18%4.42%4.57%4.28%4.47%4.57%
Standard Markets4.51%4.57%4.66%4.56%4.67%4.71%
Small Markets4.85%4.71%4.70%4.85%4.81%4.75%
Very Small5.06%4.90%5.06%5.06%5.00%5.06%

South Central

Montana, Wyoming, Colorado, New Mexico, Texas, Oklahoma

Market Tiers5-Year Hybrid7-Year Hybrid10-Year Hybrid5-Year Fixed7-Year Fixed10-Year Fixed
Top Markets4.18%4.42%4.57%4.28%4.47%4.57%
Standard Markets4.51%4.57%4.66%4.56%4.67%4.71%
Small Markets4.85%4.71%4.70%4.85%4.81%4.75%
Very Small5.06%4.90%5.06%5.06%5.00%5.06%

Western

Washington, Oregon, Idaho, California, Nevada, Utah, Arizona, Alaska

Market Tiers5-Year Hybrid7-Year Hybrid10-Year Hybrid5-Year Fixed7-Year Fixed10-Year Fixed
Top Markets4.08%4.27%4.42%4.23%4.57%4.47%
Standard Markets4.56%4.52%4.66%4.71%4.67%4.76%
Small Markets4.85%4.71%4.9%4.9%4.86%4.95%
Very Small5.06%4.90%5.06%5.11%5.05%5.11%

 

Multifamily.Loans, Inc. is a Janover Ventures company. Please visit some of our family of sites at: Multifamily.loans, Commercial Real Estate Loans, CMBS.loans, SBA7a.loans, Home.loans, HUD.loans, HUD 232, HUD 223f, HUD 223a7, SBA Express Loans, SBA 504 Loans, and OpportunityZones.Help.

 

 

 


Janover Ventures, LLC.
7601 N Federal Hwy. Ste B140
Boca Raton Florida 33487

Call: (800) 567-9631
Email: hello@multifamily.loans

 

Information

Loan Facts

Terms, Qualifications, and Guidelines

Term Sheet

Interest Rates

Portfolio Loans

 

Knowledge Base

Frequently Asked Questions

Glossary

Application

Application Process

Third Party Reports

Appraisal Process

Environmental Assessments

Property Condition Reports