Question 1

What is an agency loan?

Accepted Answer

Agency loans are originated through Fannie Mae, Freddie Mac, or FHA/HUD programs. They offer the lowest rates in CRE for stabilized multifamily properties. Most require 5+ units and 90%+ occupancy for at least 90 days.

Question 2

What are Fannie Mae DUS requirements?

Accepted Answer

DUS (Delegated Underwriting and Servicing) lenders can approve loans without Fannie Mae review. Minimum loan is typically $1M. Properties need 5+ units, 90%+ occupancy, and clean trailing-12 financials. Max LTV is 80% for standard deals.

Question 3

What LTV do agency lenders offer?

Accepted Answer

Standard agency loans go up to 80% LTV. Green-certified or affordable properties can qualify for up to 85% LTV. FHA/HUD 223(f) programs offer up to 85% LTV for acquisitions and 87% for refinances.

Question 4

How long do agency loans take to close?

Accepted Answer

Fannie Mae DUS loans close in 45-60 days. Freddie Mac SBL (Small Balance Loans) can close in 45 days. FHA/HUD loans take 90-120 days due to government processing. Rate locks are available 30-90 days before close.

Question 5

What property types qualify for agency?

Accepted Answer

Agency programs are primarily for multifamily (5+ units). Fannie Mae and Freddie Mac also cover affordable housing, seniors housing, student housing, and manufactured housing communities. Single-family rentals do not qualify.

			Website	Phone
Ameritas Life Partners	Agency	-	ameritas.com	(800) 487-5553
Arbor Realty Trust	Agency	NY	arbor.com	(833) 578-7554
Basis Investment Group LLC	Agency	NY	basisinvgroup.com	(212) 842-5714
Berkadia Commercial Mortgage LLC	Agency	PA	berkadia.com	(301) 202-3551
BWE	Agency	AL	bwe.com	(205) 588-6679
Cambridge Realty Capital	Agency	-	cambridgecap.com	(312) 357-1601
Capital One N.A.	Agency	NY	capitalone.com	(646) 627-5937
CBRE Capital Markets Inc.	Agency	TX	cbre.com	(512) 482-5588
Citi Community Capital	Agency	NY	citigroup.com	(360) 301-8049
Colliers Mortgage	Agency	NY	colliers.com	-
CPC Mortgage Company LLC	Agency	NY	communityp.com	(646) 873-6790
Dwight Capital	Agency	NY	dwightcapital.com	-
Federal Home Loan Bank of Chicago	Agency	IL	fhlbc.com	(312) 565-5700
Federal Home Loan Bank of Dallas	Agency	TX	fhlb.com	(214) 441-8500
Federal Home Loan Bank of New York	Agency	NY	fhlbny.com	-
Federal Home Loan Bank of San Francisco	Agency	CA	fhlbsf.com	-
Gershman Mortgage	Agency	MO	gershman.com	-
Grandbridge Real Estate Capital LLC	Agency	NY	grandbridge.com	(917) 533-4664
Greystone	Agency	NY	greystone.com	-
Hudson Housing Capital	Agency	-	hudsonhousing.com	(212) 218-4488
JLL Real Estate Capital, LLC	Agency	IL	us.jll.com	(713) 852-3580
KeyBank National Association	Agency	OH	key.com	(866) 821-9126
Lancaster Pollard	Agency	-	stonepoint.com	(203) 862-2900
Lument	Agency	NY	lument.com	-
M&T Realty Capital Corporation	Agency	NY	mandtrealtycapital.com	(212) 350-2632
Merchants Capital Corp.	Agency	NY	merchantscapital.com	(347) 821-4778
National Cooperative Bank	Agency	VA	ncb.coop	(800) 955-9622
Newmark	Agency	NY	nmrk.com	(301) 347-4815
NewPoint Real Estate Capital LLC	Agency	MD	newpoint.com	(301) 346-4555
Northmarq	Agency	MN	northmarq.com	-
PGIM Real Estate	Agency	VA	pgimrealestate.com	(202) 213-5509
PNC Bank, N.A.	Agency	TX	pnc.com	(972) 361-2130
Ready Capital	Agency	NY	readycapital.com	(212) 257-4657
Regions Bank	Agency	GA	regions.com	(404) 279-7488
Saxon Mortgage Capital	Agency	-	saxonspencercap.com	(773) 237-9326
Thorofare Capital	Agency	CA	thorofarecapital.com	(213) 873-4000
Walker & Dunlop LLC	Agency	MD	walkerdunlop.com	(301) 215-5580
X-Caliber Capital	Agency	-	x-calibercap.com	-
Ziegler	Agency	-	ziegler.com	(800) 366-8899

Agency Lenders

Agency Lending FAQ