Freddie Mac Multifamily in Hurricane, UT

Freddie Mac Multifamily Rates in Hurricane, UT

SoftQuotes' Freddie Mac 5+ unit multifamily loan rates in Hurricane, UT are:

Small Balance Loan
$1M to $6M
5 Year Fixed 6.83% - 7.07%
7 Year Fixed 6.59% - 6.83%
10 Year Fixed 6.73% - 7.97%
Conventional Loan
$5M to $100M
5 Year Fixed 6.39% - 6.49%
7 Year Fixed 6.43% - 6.53%
10 Year Fixed 6.37% - 6.47%
Additional rate discounts of up to 0.40% for affordability. Rates updated on 12/02/2023. This is not an offer or commitment to lend. Rates based on yield maintenance prepayment penalty for SBL and defeasance for Conventional. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

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Freddie Mac Small Balance Loans in Hurricane, UT

The Freddie Mac Small Balance Loan (SBL) program is designed for 5-50 unit apartment buildings and offers 5, 7 & 10 year fixed rate and hybrid ARM loan options. Hurricane, UT is located in the Western region of the Freddie Mac SBL program and considered a very small market. Freddie Mac SBL loan amounts in Hurricane are $1 million to $6 million, with a maximum loan-to-value of 75% for purchase loans and 70% for refinance loans. The minimum debt service coverage ratio (DSCR) for loans in Hurricane is 1.40x. The Freddie Mac SBL program offers full term interest-only payment options in Hurricane, on loans up to 60% Loan-To-Value (LTV) for a 0.10% add to the rate. Partial-term interest-only payment options (1 year on a 7-year term and 2 years on a 10-year term) are also available in Hurricane, for an add to rate. For more on the Freddie Mac SBL program, see our guide on Freddie Mac Small Balance Loan (SBL).

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Freddie Mac Conventional Loans in Hurricane, UT

The Freddie Mac Conventional loan program is designed for multifamily properties with loans from $5 million and up. In Hurricane, UT, this program will generally go to 75% loan-to-value (LTV) for a purchase and 70% loan-to-value (LTV) for a refinance. Most conventional loans in Hurricane will be required to meet a 1.30% debt service coverage ratio (DSCR). This program has a defeasance prepayment penalty. Unlike the SBL program, Freddie Mac Conventional loans are much more flexible in respect to multifamily property types, loan terms and transaction types. This program offer a variety of floating and fixed rate terms with potentially more interest only payment options.

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